IHTM44000 - Pre-owned Assets: contents
Introduction
| IHTM44001 | Introduction |
Valuation
| IHTM44002 | Valuation |
Property in charge
| IHTM44003 | Land |
| IHTM44004 | The disposal condition - land |
| IHTM44005 | The contribution condition - land |
| IHTM44006 | Chattels |
| IHTM44007 | The disposal condition - chattels |
| IHTM44008 | The contribution condition - chattels |
| IHTM44009 | Intangible property |
Calculation of the charge on land
| IHTM44010 | Introduction |
| IHTM44011 | Valuation date and the 5 year cycle |
| IHTM44012 | Where the relevant land is disposed of |
| IHTM44013 | Where the chargeable person disposed of other property |
| IHTM44014 | Where the chargeable person contributed to the acquisition of the relevant property |
| IHTM44015 | Non-exempt sales |
Calculation of the charge on chattels
| IHTM44016 | Introduction |
| IHTM44017 | Valuation date and the 5 year cycle |
| IHTM44018 | Where the chattels are disposed of |
| IHTM44019 | Where the chargeable person disposed of other property |
| IHTM44020 | Where the chargeable person contributed to the acquisition of the relevant property |
| IHTM44021 | Non-exempt sales |
Calculation of the charge on intangibles
| IHTM44025 | Introduction |
| IHTM44026 | Valuation date |
Excluded transactions
| IHTM44030 | Introduction |
| IHTM44031 | The disposal condition - sale of entire interest |
| IHTM44032 | The disposal condition - transfer to spouse or civil partner |
| IHTM44033 | The disposal condition - family maintenance |
| IHTM44034 | The disposal condition - annual and small gifts exemption |
| IHTM44035 | The contribution condition - transfer to spouse or civil partner |
| IHTM44036 | The contribution condition - outright gift of money |
| IHTM44037 | The contribution condition - family maintenance |
| IHTM44038 | The contribution condition - annual and small gifts exemption |
Exemptions
| IHTM44040 | Introduction |
| IHTM44041 | Relevant property remains part of the Inheritance Tax estate |
| IHTM44042 | Examples where relevant property remains part of the Inheritance Tax estate |
| IHTM44043 | Property in a person’s estate that derives its value from the relevant property |
| IHTM44044 | Reservation of benefit in the relevant property |
| IHTM44045 | Reservation of benefit in property that derives its value from the relevant property |
| IHTM44046 | Reservation of benefit in property but for certain exemptions |
| IHTM44047 | Reservation of benefit in share of interest in land |
| IHTM44048 | Exclusion of reservation of benefit under FA86/Sch20/Para6 |
| IHTM44049 | Cash gifts and exclusion of reservation of benefit provisions |
| IHTM44050 | Relevant property remains part of the Inheritance Tax estate: restriction for subsequent ownership |
| IHTM44051 | Relevant property remains part of the Inheritance Tax estate: excluded liabilities |
| IHTM44052 | Foreign element |
| IHTM44053 | Foreign element - non-residence |
| IHTM44054 | Foreign element - foreign domiciliaries |
| IHTM44055 | Foreign element - foreign domiciliaries: settled property exemption |
| IHTM44056 | De minimis exemption |
| IHTM44057 | Changes in the distribution of a deceased’s estate |
| IHTM44058 | Guarantees |
| IHTM44059 | Sale of part share |
Avoidance of double charges
| IHTM44060 | Introduction |
| IHTM44061 | More than one charge under FA04/Sch15 |
| IHTM44062 | Charge to employment benefits |
| IHTM44063 | Election that reservation of benefit provisions should apply |
| IHTM44064 | Debt written off or released |
Election into Inheritance Tax
| IHTM44070 | Introduction |
| IHTM44071 | Land & chattels |
| IHTM44072 | Land & chattels - chargeable portion |
| IHTM44073 | Intangibles |
| IHTM44074 | How to make an election |
| IHTM44075 | When to make an election |
| IHTM44076 | Withdrawal of an election |
| IHTM44077 | When a late election may be accepted |
| IHTM44078 | Refusal to accept a late election |
Specific avoidance schemes
| IHTM44100 | Land - lease carve-out scheme |
| IHTM44101 | Land - settlement on interest in possession trusts |
| IHTM44102 | Land - reversionary leases |
| IHTM44103 | Land - home loan or double trust scheme |
| IHTM44104 | Land - double trust or home loan scheme: loan repayable on demand |
| IHTM44105 | Land - double trust or home loan scheme: loan not repayable until after the individual’s death |
| IHTM44106 | Land - double trust or home loan scheme: alternative approach |
| IHTM44107 | Land - debt & charge scheme |
| IHTM44108 | Chattels - lease carve-out scheme |
| IHTM44109 | Chattels - gift and leaseback scheme |
| IHTM44110 | Intangibles - settlement on interest in possession trusts |
Insurance based products
| IHTM44111 | Introduction |
| IHTM44112 | Discounted gift trust |
| IHTM44113 | Gift and loan trust |
| IHTM44114 | Pension policies |
| IHTM44115 | Business trusts and partnership policies |
| IHTM44116 | Policies settled on trusts before 18 March 1986 |
