You will need to consider the relief when there is more than one
claim to inheritance tax on the same property.
In particular, for transfers on or after 18 March 1986, when the following circumstances occur
A PET becomes a chargeable transfer and the property transferred by the PET has returned to the transferor and is included in his death estate.
There is a lifetime claim on a gift which is also a GWR and is therefore also treated as forming part of the death estate.
Disallowed debts (IHTM14721)
There is a lifetime claim and the transferee has made a loan to the transferor which is a liability of the transferor’s estate at his death but which is not deductible for IHT because of FA86/S103 .
Immediately chargeable transfers (IHTM14730)
There is an immediately chargeable lifetime transfer and the property transferred has returned to the transferor and is included in his death estate.