IHTM45000 - Reduced rate for charitable gifts: contents
Introduction and conditions
| IHTM45001 | Introduction |
| IHTM45002 | Charitable giving condition or 10% test |
Components of the estate
| IHTM45003 | Summary |
| IHTM45004 | Survivorship component |
| IHTM45005 | Settled property component |
| IHTM45006 | Reservation of benefit property |
| IHTM45007 | General component |
| IHTM45008 | Charitable legacy worded to meet the 10% test |
Calculating the baseline amount
| IHTM45009 | Introduction |
| IHTM45010 | Estate with a single estate component |
| IHTM45011 | Estate with a single estate component and lifetime cumulative total |
| IHTM45012 | Estate with two or more estate components |
| IHTM45013 | Where the charitable legacy is worded to meet the 10% test |
Treatment of reduced rate on COMPASS
| IHTM45020 | Introduction |
| IHTM45021 | Datacapture |
| IHTM45022 | Temporary workaround before the grant and for datacapture |
| IHTM45023 | Temporary workaround and procedures for caseworkers |
| IHTM45024 | Example where changes to values affect whether the reduced rate applies or not |
| IHTM45025 | Examples of calculations for temporary workaround |
The charitable giving condition or 10% test
| IHTM45030 | Grossing up |
| IHTM45031 | Interaction |
| IHTM45032 | Example with two estate components, a lifetime cumulative total and where grossing up and interaction apply |
Abatement
| IHTM45033 | Insufficient assets to pay legacies under the Will |
| IHTM45034 | Caused by grossing up |
Merger of components:
| IHTM45035 | Aggregate estate contains two components |
| IHTM45036 | Aggregate estate contains three components |
| IHTM45037 | Where grossing up and interaction apply |
| IHTM45038 | Datacapture on COMPASS |
| IHTM45039 | Merger following an Instrument of Variation |
Elections
| IHTM45040 | Election to opt out |
| IHTM45041 | Procedure |
| IHTM45042 | Who must make the election |
| IHTM45043 | Time limits |
| IHTM45044 | Late claims |
Other issues
| IHTM45050 | Where the estate is entitled to Quick Succession Relief |
| IHTM45051 | Charges arising following the deferral of tax for woodlands or conditional exemption |
