IHTM44111 - Pre-owned assets: insurance based products: introduction

Insurance policies have a unique relationship to Inheritance Tax being linked to the death of the life assured. Consequently, a number of products have been designed to avoid the reservation of benefit rules. The POA consequences for these and some other insurance based products are as follows

• discounted gift trust (IHTM44111)
• gift and loan trusts (IHTM44112)
• pension policies (IHTM44113)
• business trusts or partnership policies (IHTM44114)
• policies settled on trust before 18 March 1986.