Updates: Inheritance Tax Manual
2024
Procedure: identifying the beneficiary
Redaction removed from first set of bullet points and second set reduced from 4 to 2 bullets to reflect key information now required.
Procedure: newly created charities
Date added in fourth paragraph to confirm when it was necessary to consider exemption for EU based charities.
Procedure: the Charities Aid Foundation
Dates inserted from when consideration needs to be given to charities outside the UK.
Procedure: categories of gift accepted as exempt in limited circumstances
Reference to the EU and other specified countries removed from second bullet point.
Reduced rate for gifts to charity: introduction and conditions: introduction
Reference to organisations in the European Economic Area removed as they no longer qualify from 15 March 2023.
Gifts to charities or registered clubs: introduction
Reference to European Union removed as no longer applies with effect from 15 March 2023.
New section on State Pension underpayments added to index
General outline: meaning of ‘charity’ and ‘charitable’
Text changed to reflect withdrawal of charity exemption from non-UK bodies from 15 March 2023.
General outline: established for charitable purposes
Reference to Charities Act updated.
General outline: the jurisdiction condition
Updated to reflect exemption no longer applies to non-UK charities.
Procedure: referrals to Technical
Reference to European Union and other specified countries in third bullet removed and replaced by 'UK'.
Procedure: beneficiaries outside the UK
References to 'EU or other specified countries' removed.
Communications: Use of telephones: introduction
Page archived as out of date procedural information.
Communications: Use of telephones: use of the telephone
Page archived as out of date procedural information.
Communications: Use of telephones: points to remember when answering the telephone
Page archived as out of date procedural information.
Links to archived pages IHTM02191, 02192 and 02194 removed.
Limited grants: information required
Update required to reflect current practice.
Special trusts: treatment of existing Accumulation & Maintenance (A&M) trusts after 6 April 2008
Second sentence amended to "However, from 6 April 2008 the beneficiary must take the trust property absolutely at the age of 18." to make point clearer
Name of Infected Blood compensation scheme corrected and text PRs should use in Grant applications amended.
Title of Infected Blood compensation scheme corrected and links to C1 guidance notes corrected.
Checking form IHT 30: section A
Page updated to reflect change of format of form IHT30.
Section B: checking applicants signatures on form IHT 30
Page title updated to reflect format change of form IHT30.
Section B: signatures of corporate or public trustees on form IHT 30
Page title updated to reflect change of format of form IHT30.
Section B: signatures of attorneys on form IHT 30
Page title changed to reflect change of format of form IHT30.
Checking form IHT 30: section E
Page archived as section no longer exists in current form IHT30.
Checking form IHT 30: section F
Page archived as section no longer exists in revised form IHT30.
Clearance certificates: contents
Pages IHTM40064 and 40065 removed as archived.
What happens when someone dies?: contents
New sub-section added at IHTM05200 onwards for procedure to obtain a grant for the purposes of obtaining compensation under a scheme.
New pages IHTM05201, 05202 and 05203 added and page 05029 archived (content moved to 05200).
Is an account required?: National Coal Board Scheme
Page archived as content moved to new page IHTM05200.
IHT100 (2003 onwards): When IHT100 is not appropriate
Archiving page as per IHT100 update
IHT 100: Section A - About the Chargeable event
Archiving page as per IHT100 form update
IHT 100: Section B - About the transferor/settlement
Archiving page as per IHT100 update
IHT 100: Section C - Person we should contact
Archiving page as per IHT100 review
IHT 100: Section E - Assets in the UK where tax may not be paid by instalments
Archiving page as per IHT100 form update
IHT 100: Section F - Assets in the UK where tax may be paid by instalments
Archived page as per IHT100 update
IHT 100: Section G - Summary of the chargeable event
Archived page as per IHT100 update
IHT 100: Section H - Working out the tax
Archived as per IHT100 form update
IHT 100: Section J - Authority for repayment of inheritance tax
Archived page as per IHT100 form update
IHT 100: Section K - Declaration
Archiving page as per IHT100 form update
Archived as per IHT100 form update
Event Form: IHT 100b - Ending of an interest in possession
Archived as per IHT100 form update
Event Form: IHT 100d - Discretionary trust ten-year anniversary (principal charge)
Archived as per IHT100 form update
Event Form: IHT 100e - Assets ceasing to be held on special trusts (flat rate charge)
Archived page as per IHT100 form update
Archived as per IHT100 form update
Archived page as per IHT100 form update
Discretionary trusts: yield and ERS
Page archived.
Ten year anniversary: rate and tax calculations (flowchart)
Page archived.
Proportionate charges: 'appropriate fraction' reduction for number of complete quarters
Page archived.
Discretionary trusts: trusts made before 27 March 1974
Page archived.
Discretionary trusts: liaison with HMRC Trusts
Page archived.
Relevant property Trusts: summary guide for training
Page archived.
The settlement: rights and powers under the trust
Page archived.
Discretionary trusts: avoidance schemes
Page archived.
Grant of an agricultural tenancy
Third bullet point amended to reflect section 11(2) of the Finance (No.2) Act 2024.
First paragraph amended to reflect section 11 of the Finance (No.2) Act 2024.
Woodlands: the conditions for relief
First bullet point amended to reflect section 11 of the Finance (No.2) Act 2024.
Wording in penultimate paragraph changed to past tense following section 11 of the Finance (No.2) Act 2024.
Woodlands: European Economic Area (EEA) - deaths on or after 22 April 2009
Page amended to reflect section 11 of the Finance (No.2) Act 2024.
Overview of agricultural relief: outline of the relief
First bullet point amended to reflect section 11 of the Finance (No.2) Act 2024.
The rate of relief: Introduction
Final paragraph amended to reflect section 11 of the Finance (No.2) Act 2024.
The District Valuer: Introduction
Third paragraph amended to reflect Finance (No.2) Act 2024.
European Economic Area (EEA) - transfers of value on or after 22nd April 2009
Page amended to reflect section 11 of the Finance (No.2) Act 2024.
European Economic Area (EEA) - retrospective application for transfers of value before 22 April 2009
Page removed following enactment of section 11 of the Finance (No.2) Act 2024.
Woodlands: European Economic Area (EEA) - retrospective application for deaths before 22 April 2009
Page removed following enactment of section 11 of the Finance (No.2) Act 2024.
How Inheritance Tax is charged: contents
Page IHTM04378 removed as now archived.
Page IHTM24257 removed as now archived.
Other relevant business property: Partnership interests
Text updated to reflect the treatment of transfers out of a partnership business and the decision in the case of Nelson Dance.
Business interests: Property consisting of a business or a business interest
Page updated to reflect change in IHTM25250 and update in treatment of assets transferred out of partnerships.
Land and buildings, machinery and plant: Property used by a partnership
Text updated following changes to guidance in IHTM25250.
Removal of page as it's procedural guidance and no longer applicable
Investigating Event Form: IHT 100b - Ending of an interest in possession in settled property
Archived as procedural guidance and no longer applicable
Archived as procedural guidance no longer applicable
IHT accounts and accountability: contents
Link to archived page removed
Removed link to archived page
Removed link to archived page
Removed link to archived page IHTM10680
Investigating Event Form: IHT 100d - Discretionary trust ten-year anniversary (principle charge)
Archived page as procedural process not applicable
Investigating Event Form: IHT 100e - Assets ceasing to be held on special trusts (flat rate charge)
Archiving page as procedural process no longer applicable
Archiving page as procedural process no longer applicable
Remission of interest: introduction
Page archived as information out of date.
Remission of interest: delay cases (Code of Practice)
Page archived as content out of date.
Remission of interest: guidelines in delay cases
Page archived as content out of date.
Liability and payment of tax: contents
Links to archived pages IHTM30521 to 30524 removed.
Grants on credit: protecting the charge to tax: undertakings
Page amended to make reference to the replacement in England & Wales of the form IHT421 from 17 January 2024.
Grants on credit: example undertaking
Example updated following replacement of IHT421 in England & Wales from 17 January 2024.
Grants on credit: certificate required by the Probate Registry
Page updated to refer to letter with a unique code replacing form IHT421 in England & Wales.
IHT 100 (2003 onwards): Introduction
Reverted manual page back to original guidance as new guidance publish won't be applicable until after May 2024
Grants on credit: introduction and statutory background
Page updated to combine relevant information previously shown on IHTM05120 and 05121.
Grants on credit: ways to pay Inheritance Tax
Page updated to confirm from 1 April 2024 personal representatives are no longer required to seek commercial loans before applying for a grant.
Grants on credit: what circumstances will HMRC consider?
Page updated to combine information from 05123 and 05124 and to reflect the change from 1 April 2024 dispensing with the need to attempt to secure loan finance.
Grants on credit: what information do we need from the Personal Representative?
Page updated following change from 1 April 2024 to requirements for applying for a grant on credit.
Grants on credit: circumstances in which a grant on credit may be considered
Page archived as now combined with IHTM05123.
Grants on credit: statutory background
Page archived as information now combined with IHTM05120.
What happens when someone dies?: contents
Links to pages IHTM05121 and 05124 removed as pages archived.
Removed link to IHTM27181 as per IHTM27000 review
Removal of archived page in contents
Basic Principles: phasing-in RNRB
Information on page updated to reflect the freezing of residence nil-rate band until 5 April 2028.
Archiving page as guidance moved to IHTM27185 to ensure clearer guidance for DTR and UR claims as per IHTM27000 review.
Foreign property: Double Taxation Conventions: Double Taxation Relief: what is the relief?
Page archived as guidance merged with IHTM27185 and moved to IHTM27160 as per IHTM27000 review
Page archived as guidance merged with IHTM27185 and moved to IHTM27160 as per IHTM27000 review - Didn't select 'archive' option last attempt
Added newly created guidance page as an introduction to Double taxation relief - IHTM27160 for the IHTM27000 review
Lifetime transfers: gifts in consideration of marriage or registration of civil partnership: summary
Wording of second set of bullet points amended to clarify value limits refer to the transfer made by the transferor.
Communications: General instructions: file weeding
File archived as content out of date.
Communications: Translations and non-English speaking customers: translations
Page updated with information on how to seek assistance with communications in Welsh. Former page IHTM02262 removed.
Communications: Translations and non-English speaking customers: Welsh translations
Information moved to IHTM02261.
Links to archived pages IHTM02086 and 02262 removed.
Communications: Incoming correspondence: suspect information or documentary evidence
Page now archived.
Links to archived pages 02095 and 02096 deleted.
Communications: Incoming correspondence: avoidance of other taxes
Page now archived.
Requirement for a grant: HMRC's role
Text updated with new process in England and Wales from 17 January 2024.
Submitting the account and obtaining a grant: introduction
Text updated to reflect new process for England and Wales from 17 January 2024.
Submitting the account and obtaining a grant; procedure where we are asked to calculate the tax
Text updated to reflect change in process from 17 January 2024.
Text updated following change in process from 17 January 2024.
Text updated to reflect change in process from 17 January 2024.
Particular aspects that may arise in connection with obtaining a grant: personal applications
Page updated to reflect current guidance.
Amendments and changes in circumstances following confirmation (Scotland): Eik to confirmation
Second paragraph updated with current process.
Page updated to reflect current process in line with IHTM05092.
2023
Procedure: household and personal goods donated to charity (Form IHT408)
Link created to form IHT408
Lifetime transfers: gifts with reservation (GWRs): the reservation: exclusion of the donor
Former Example 5 deleted and following Examples 6 and 7 now renumbered as Examples 5 (with reference to number of uses a month removed) and 6.
How Inheritance Tax is charged: contents
Created IHTM04036 - Structure of the charge: Dormant Asset Scheme (139596) page as per guidance review
Inheritance Tax in HMRC: Customer Services work
Details of the Helpline updated.
Assessing: cancelling a payable order: reasons to cancel a payable order
Page archived
Links to Assessing: cancelling a payable order: reasons to cancel a payable order (153431) - IHTM31711 archived
Links to Assessing: cancelling a payable order: cancellation and re-issue of a payable order (153432) - IHTM31712 archived
Links to Assessing: cancelling a payable order: cancellation with no re-issue (153433) - IHTM31713 archived
Assessing: cancelling a payable order: cancellation and re-issue of a payable order
Page archived
Assessing: cancelling a payable order: cancellation with no re-issue
Page archived
Communications: Inter-departmental mail
Page archived.
Communications: use of interviews
Page archived.
Archived pages IHTM02131 and 02230 removed from contents page.
Assessing: manual calculation template: calculating rates
Page archived
Links to Assessing: manual calculation template: calculating rates (153366) IHTM31304 archived
Links to Assessing: manual calculation template: printing (153367) - IHTM31305 archived
Links to Assessing: manual calculation template: updating the accounting record (153368) - IHTM31306 archived
Assessing: manual calculation template: printing
Page archived
Assessing: manual calculation template: updating the accounting record
Page archived
Special valuation matters: milk quotas
Page archived as information on page now obsolete.
Page archived.
Link to IHTM23196 removed as page archived.
Assessing: manual calculation template: the forms
Page archived
Links to Assessing: manual calculation template: the forms (153364) - IHTM31302 archived
Links to Assessing: manual calculation template: calculation details (153365) - IHTM31303 archived
Assessing: manual calculation template: calculation details
Page archived
Assessing: manual calculation template: introduction
Page archived
Links to IHTM31301 - Assessing: manual calculation template: introduction (153363) archived
Value and Valuation: Treatment of mortgages and debts
New final two paragraphs added.
How Inheritance Tax is charged: contents
Links to - Scheme Payments (662446) IHTM10280 archived
Investigation of form IHT405: exceptions where no referral to the VOA is necessary
Page archived.
Link to IHTM23018 removed.
Link to IHTM23018 removed.
Link to IHTM23031 removed.
Link to IHTM23031 removed.
Making a reference to the VOA: introduction
Page archived.
Communications: Use of fax machines: when to use fax and what can and cannot be sent
Page archived.
Communications: Use of fax machines: documents that are unacceptable if sent by fax
Page archived.
Communications: Use of fax machines: what priority to give faxed documents
Page archived.
Links to IHTM02212, 02213 & 02214 archived.
Links to IHTM02212, 02213 & 02214 archived.
Interim reports: 3 month report
Page archived.
Links to archived page Interim reports: 3 month report (152421) IHTM23087 removed
Links to archived page Interim reports: 3 month report (152421) IHTM23087 removed
Links to: IHTM23088 (152422), IHTM23102 (152425), IHTM23103 (152426), IHTM23242 (152489) archived
Links to: IHTM23088 (152422), IHTM23102 (152425), IHTM23103 (152426), IHTM23242 (152489) archived
Interim reports: 6 month report/case conference
Page archived
Time limits and reminding action: reminding for receipt of 3 month report
Page archived
Time limits and reminding action: reminding for receipt of 6 month report
Page archived
VOA service level agreement: key VOA Time Limits/Targets
Page archived
Bank and building society accounts : investigating values
First paragraph updated to clarify interest accrued up to death should be included, with any Income Tax due on this sum allowable as a liability.
Communications: Translations and non-English speaking customers: translations
Instructions to search for Language Services on sharepoint added
Communications: Translations and non-English speaking customers: translations
Link to language services sharepoint page https://hmrc.sharepoint.com/sites/COM136897869/SitePages/Language-Services.aspx
Business relief and businesses: Contents
Creation of IHTM25193
Adding IHTM25193 onto contents
Republishing manual for new page IHTM25193
Business relief and businesses: Contents
Link to new page IHTM25253 added.
Other relevant business property: Agri-environment schemes
Link added to new page IHTM25253.
Valuation of joint property: discounts for joint ownership
Sentence "In Scotland there may be special difficulties in conveying jointly owned land" removed from final paragraph, and full name of 'SAV' given in 'Assets other than land' section.
Agricultural tenancies: The Agricultural Holdings (Scotland) Act 2003
Page updated to include reference to the Modern Limited Duration Tenancy (MLDT).
Land valuation cases: delay cases
Page archived
Notices of Determination: contents
Links to 'Land valuation cases: delay cases (153919)' archived
Business interests: Property consisting of a business or a business interest
Page amended to reflect updated approach for determining whether a business exists or not.
Business relief and businesses: Contents
New page IHTM25252 added.
2022
Page archived due to information no longer applicable.
Page archived due to information no longer applicable.
Page archived
Links to IHTM27151 - Foreign property: securities issued by international organisations: bank or building society accounts in the Channel Islands and Isle of Man (152843) archived
Links to Foreign property: Double Taxation Conventions: exchange of information: information bulletin received from convention countries (152848) IHTM27166 archived
Links to Foreign property: Double Taxation Conventions: Double Taxation Relief: credit for relief claimed before grant (152861) IHTM27182 archived
Page archived
Page archived
Foreign property: valuation of assets: conversion of foreign currency
Page archived
Links to Foreign property: valuation of assets: conversion of foreign currency (152811) removed
Foreign property: valuation of assets: loss on sale of shares
Page archived
Links to Foreign property: valuation of assets: loss on sale of shares (152803) archived.
Links to Foreign property: valuation of assets: fall in value relief (152804) archived
Links to Foreign property: valuation of assets: foreign land or buildings: procedure (152807) archived
Foreign property: valuation of assets: fall in value relief
Page archived
Foreign property: valuation of assets: foreign land or buildings: procedure
Page archived
Limitation of liability by lapse of time: time limits for recovery of unpaid tax
Further information on time limits for recovery of unpaid tax included.
Pensions: examining form IHT409: initial examination
Update to refelct changes to IHT409
Pensions: examining the form IHT409: general factors to consider
Updated generally
Communications: Use of telephones: telephone calls that get cut off
Page archived.
Communications: Use of telephones: noting of telephone calls
Page archived.
Communications: Use of telephones: disclosure of confidential information
Page archived.
Pensions: examining form IHT409: boxes 8 to 16
Updated generally and to remove protected rights section
Communications: Use of telephones: telephone calls from
Page archived.
Pensions: examining form IHT409: boxes 17 to 24
Updated generally
Communications: Use of telephones: ‘off the record’ telephone conversations
Page archived.
Pensions: examining form IHT409: Boxes 25 to 42
Page archived
Links to IHTM17016 archived
Links to archived pages removed
Pensions: IHT exclusions: sponsored superannuation schemes
Updated generally
Communications: British Document Exchange: what is British Document Exchange?
Page archived.
Pensions: alternatively secured pensions: introduction
Updated to reflect removal of ASPs
Pensions: alternatively secured pensions: how ASP funds can be used
Page archived
Archiving reason text added
Page archived
Pensions: alternatively secured pensions: liability and accountability
Page archived
Pensions: alternatively secured pensions: meaning of dependant and relevant dependant
Page archived
Page archived
Page archived
Page archived
Page archived
Link to IHTM02141 archived.
Page archived
Page archived
Page archived
Page archived
Page archived
Page archived
Pensions: treatment of alternatively secured pensions from 6 April 2007- background
Page archived
Page archived
Pensions: treatment of alternatively secured pensions from 6 April 2007: unauthorised payments (UP)
Page archived
Page archived
Page archived
Page archived
Page archived
Pensions: treatment of alternatively secured pensions from 6 April 2007: grossing up unused NRB
Page archived
Pensions: treatment of alternatively secured pensions from 6 April 2007: example where IHT due first
Page archived
Page archived
Page archived
Page archived
Page archived
Page archived
Page archived
Page archived
Page archived
New first paragraph added to page.
Text of sections on Questions 7-11 and 12-15 updated.
Foreign property: valuation of assets: listed foreign shares
Page archived
Links to IHTM27022 Foreign property: valuation of assets: listed foreign shares (152801)
Foreign property: investigation of form IHT417: introduction
Page archived
Links to IHTM27011 Foreign property: investigation of form IHT417: introduction (152798) archived
Links to IHTM27012 Foreign property: investigation of form IHT417: service (152799) removed
Links to IHTM27013 Foreign property: investigation of form IHT417: Compliance Group (152800) removed
Foreign property: investigation of form IHT417: service
Page archived
Foreign property: investigation of form IHT417: Compliance Group
Page archived
Pensions: Scheme pensions and lifetime annuities: tax charges
Archiving reason text added
Page archived
Pensions: Scheme pensions and lifetime annuities: calculation of the tax charge on scheme pensions
Page archived
Pensions: scheme pensions and lifetime annuities: liability and accountability
Page archived
Pensions on or after 6 April 2006: scheme pensions and lifetime annuities: examples
Page archived
Pensions: scheme pensions and lifetime annuities: more examples
Page archived.
Pensions: IHT charges: general power over death benefits
Updated generally
Updated generally
Pensions: IHT Charges: protected rights detail
Page archived
Payment methods: payment by transfer of land or chattels
Instructions updated on how property accepted in satisfaction of Inheritance Tax must be applied to tax calculations.
Restrictions on the freedom to dispose of assets: option to purchase is exercised
Page updated to clarify working of example.
Stocks and shares: investigating forms IHT411 and IHT412: introduction to the forms
Page updated to clarify definition of quoted (listed) and unquoted (unlisted) shares for Inheritance Tax purposes.
Stocks and shares: listed stocks, shares and investments: introduction
Information on listed shares and Inheritance Tax updated.
Stocks and shares: valuation: Stock Exchange Listings
Information on exchanges updated.
Stocks and shares: valuation: ISAs
Information on permitted shareholdings in an ISA clarified in first paragraph.
Stocks and shares: unlisted shares: what are unlisted shares?
Information on unlisted shares and Inheritance Tax updated.
Stocks and shares: investments on alternative markets: the alternative markets
Page archived.
Stocks and shares: investments on alternative markets: business relief
Page archived.
Stocks and shares: investments on alternative markets: instalments
Page archived.
Links to pages 18331, 18333 and 18334 archived.
Monitoring the excepted estates rules: selection of sample cases
Page archived as no longer applicable.
Page archived
Delivery of accounts - excepted estates, transfers and settlements: contents
Links to page 151151 archived
Links to page 151156 archived.
Removed links to IHTM06051
Non-sample cases: action by Compliance
Page archived
Page archived
Inheritance Tax Manual: recent changes
Page archived – Old legacy update page no longer required
Inheritance Tax Manual: recent changes
Page archived – Old legacy update page no longer required
Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
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Inheritance Tax Manual: recent changes
Page archived – Old legacy update page no longer required
Inheritance Tax Manual: update index
Page archived – Old legacy update page no longer required
Flexible Reversionary Trusts: further details
Page updated to clarify the application of the GWR and pre-owned assets provisions in relation to flexible reversionary trusts.
Page archived
Cross references: recording of information
Page archived
Cross references: model cross reference
Page archived
Cross references: action at testator's file
Page archived
Cross references: investigation at your deceased's file
Page archived
Cross references: indexing cross references
Page archived.
Lifetime transfers: gifts with reservation (GWRs): settled property: reversionary interests
Page updated to clarify application of the GWR provisions in relation to reversionary interests.
The District Valuer: general issues
Page updated and obsolete links removed.
Replacement property: Limitation of the relief
Final paragraph of page published to bring guidance into line with equivalent page for Business Relief at IHTM25313.
Replacement property: Example of limiting the relief
Page updated to correct error in the names of property used in the example and to update final paragraph.
2021
Page updated to reflect change in use of form IHT205 for deaths from 1 January 2022 and update other information regarding old forms.
Is an account required?: excepted estates
Page updated to reflect changes to the Excepted Estates Regulations with effect from 1 January 2022.
Is an account required? - initial steps following a death (England, Wales and Northern Ireland)
Page updated to reflect the change to the Excepted Estates Regulations with effect from 1 January 2022.
Page updated to reflect the changes to the Excepted Estates Regulations with effect from 1 January 2022.
Page updated to reflect the change in Excepted Estates Regulations with effect from 1 January 2022.
Other issues: excepted estates and transferable nil rate band
First paragraph amended with inclusion of claims for transferable nil-rate band by 'up to' double the IHT nil-rate band with effect for deaths from 1 January 2022.
General procedural matters: requirement to deliver information
Whole section revised
Rules about excepted estates: exempt excepted estates
Revised paragraph
New page IHTM24076 added to 'Occupation' section, replacing IHTM24083.
Link to IHTM24083 archived.
When is property not occupied?
Page archived.
Settled property: charges on property held in discretionary trusts
Text amended to clarify effect of IHTA84/S65(4) and links to other pages updated.
Sales of related property, etc: relationship between s.176 and loss on sale of land relief
Title for contents page corrected - it should refer to 'land', not 'shares'.
Spouse or civil partner exemption: definition of spouse and civil partner
Page amended to update date legislation took effect in Scotland and to clarify the position for exemption when a civil partnership is converted to a marriage or vice-versa.
Rights of residence: has someone taken up the right of occupation?
Name of case reference corrected.
Page archived.
Links to (153769) IHTM36121 removed
Links to 153773 - IHTM36141 archived.
Links to 153793 - IHTM173 archived
Links to page 153815 - IHTM36221 archived
Links to page 153835 - IHTM36261 archived
Page archived.
Calculating the penalty: how to calculate a penalty (chart)
Page archived
Negotiating a penalty: summary of procedures (chart)
Page archived.
Settling the penalty: summary of procedures (chart)
Page archived
Procedures for taking penalties on late accounts: summary of procedures (chart)
Page archived
Links to IHTM36031 - Procedures for taking penalties on late accounts: summary of procedures (chart) archived
New page IHTM02005 added
Foreign settled property: the settlor's domicile
FA'20 change
Pre-owned assets: election into Inheritance Tax: how to make an election
Address for submission of form IHT500 updated.
Pensions: IHT charges: NHS and Social Care Coronavirus Life Assurance Schemes
Last sentence added
Settled property: transfers on death
Final sentence referring to a previously archived page (IHTM10505) removed.
Spouse or civil partner exemption: definition of spouse and civil partner
Guidance updated to reflect changes in the law on marriage and civil partnerships across the United Kingdom.
Lifetime transfers: gifts with reservation (GWRs): devolution of GWR property
Guidance updated on application of spouse and charity exemption.
Gifts to political parties: qualifying political parties
Page updated to note the results of the General Election held on 12 December 2019.
2020
Proportionate charges: rate between ten year anniversaries
Revising text
Proportionate charges: 'appropriate fraction' reduction for number of complete quarters
Page archived
Relevant property trusts: contents
Links to pages to 153996 (IHTM42116) archived
Proportionate charges: calculation of rate before first ten year anniversary
Revising text and creating tables
Relevant property trusts: contents
Links for IHTM42112 (153992) archived
Links to pages IHTM42113 (153993) archived
Proportionate charges: calculation of tax before first TYA (flowchart)
Page archived
Proportionate charges: rate before first TYA (flowchart)
Page archived
Special trusts: life policies in A&M trusts
Page archived
Relevant property trusts: contents
Links for 154046 (IHTM42810) archived
Discretionary trusts: avoidance schemes
Page archived
Relevant property trusts: contents
Links to 154036 (IHTM42720) archived.
Discretionary trusts: liaison with HMRC Trusts
Page archived
Relevant property trusts: contents
Links to (154032/IHTM42641) archived
Relevant property trusts: contents
Created page (154021)
Creating page (154022)
Created page (154021)
Links to IHTM42222 has been archived
Reverted to previous version
New pages IHTM42233 and IHTM42234 added to contents page.
Ten year anniversary: Tax calculation: the rate of tax: step 3: calculating the initial rate of tax
Created tables and revised content
The settlement: rights and powers under the trust
Page archived
Relevant property trusts: contents
Links to IHTM42222 has been archived
Discretionary trusts: trusts made before 27 March 1974
Page archived.
Relevant property trusts: contents
Links to IHTM42130 archived.
Links to IHTM42140 and IHTM42141 archived
Discretionary trusts: assessing
Page archived.
Discretionary trusts: yield and ERS
Page archived
Ten year anniversary: Tax calculation: the rate of tax: step 2: the nil rate band available (‘NRBA’)
changes to table
Removed page break
Ten year anniversary: values required (flowchart)
Page archived
Relevant property trusts: contents
Links to 42082 archived
Links to 42083 archived
Links to 42084 archived
Ten year anniversary: rate and tax calculations (flowchart)
Page archived
Ten year anniversary: rate of tax
Page archived
Ten year anniversary: Tax calculation: the rate of tax: step 1: the notional lifetime transfer
Revised content and edited to reflect updated processes
Added short title
Removed spacing
Ten year anniversary: Tax calculation: the rate of tax: step 2: the nil rate band available (‘NRBA’)
Revised information
Relevant property Trusts: summary guide for training
Page archived
Relevant property trusts: practice with IHT100
Page archived.
Relevant property trusts: contents
Links to IHTM42002 and IHTM42011 archived.
Rules about excepted estates: what is not an excepted estate
Correction to information on instances of estates including IHT charges on alternatively secured pensions.
Lifetime transfers: associated operations: Re Macpherson
Updated to include Supreme Court decision in HMRC v Parry
Lifetime transfers: omissions: omission to exercise a right
Updated to include Supreme Court decision in HMRC v Parry
Form Cap A5C (England, Wales and Northern Ireland): applications where Form Cap A5C is required
Note added of how to obtain copy of form Cap A5C
How Inheritance Tax is charged: contents
New page added to contents page IHTM04142 Scheme Payments
Text updated to reflect enactment of Finance Act 2020 and IHT treatment of payments under the Kindertransport Fund.
Commencement date added for Kindertransport payments.
Decorations, medals and awards
Guidance updated to include latest issue of the Order of Wear.
Text of first two paragraphs of example for 'Carve-out with a condition attached' amended for clarification.
Stocks and shares: valuation: shares
Edited example as Financial Times no longer keeps the relevant price range for shares.
Loss on sale of land: appropriate person: definition
Guidance on definition of appropriate person updated.
Succession: intestacy: distributions (England & Wales): statutory legacy
Change in the statutory legacy following statutory instrument
Basic definitions: the value of the estate ‘E’ and the value transferred on death ‘VT’
Final paragraph before example - legislation referred to as IHTA84/S8D(5)(f) corrected to IHTA84/S8D(5)(e).
2019
Property at more than one title: example of the effect of S40
Page amended to correct arithmetical error in grossing calculation.
Special valuation matters: land sold under a binding contract entered into after the death
Content updated to confirm correct approach and improve formatting of page.
Late accounts: penalties chargeable
Edit following changes made some time ago (2009) to the late account penalty charging structure.
Funeral expenses (box 81): mourning expenses
Due to the Succession (Scotland) Act 2016 there have been add on's/changes to various chapters.
Due to the Succession (Scotland) Act 2006 various chapters have had edits. Removed 'Particular attention is given to how you should investigate supplementary questions 24 to 28 on the IHT400, about the deceased's Will' as this is operational.
Succession: Boxes 24 to 28 of the IHT400: Purpose of the questions
Archiving reason text added.
Succession: Information given at boxes 24 to 28 of the IHT400: Deceased's former residence
Page archived.
Succession: Information given at boxes 24 to 28 of the IHT400: Other items in the Will
Page archived.
Succession: Investigating boxes 24 to 28 of the IHT400: General approach
Page archived.
Succession: Investigating boxes 24 to 28 of the IHT400: Deceased's former residence
Page archived.
Succession: Investigating boxes 24 to 28 of the IHT400: Other items in the Will
Page archived.
Succession: Investigating boxes 24 to 28 of the IHT400: Noting future claims under the Will
Page archived.
Links to IHTM12011, IHTM12021, IHTM12022, IHTM12031, IHTM12032, IHTM12033 and IHTM12035 archived.
Links to IHTM12011, IHTM12021, IHTM12022, IHTM12031, IHTM12032, IHTM12033, and IHTM12035 archived.
New page added to Succession: Wills
IHTM12056 title updated to show 'England & Wales'.
IHTM12072A added as per chapter update.
IHTM12076 added as per chapter update for the succession (Scotland) Act 2016.
Succession: Wills: Construction of Wills: Rectification of Wills (England & Wales)
Title updated to distinguish guidance for 'England & Wales' only.
Title updated as per chapter update (to include 'England & Wales, Northern Ireland')
Succession: Wills: Revocation of a Will: partial revocation (England, Wales and Northern Ireland)
Title updated as per chapter update
Succession: Wills: Legacies and devises: Vesting (Scotland)
Added last paragraph as per update on succession (Scotland) Act 2016.
Succession: Simultaneous deaths (commorientes): General law (Scotland)
Section updated as per the Succession (Scotland) Act 2016.
Succession: Simultaneous deaths (commorientes): IHT position
Section updated as per the Succession (Scotland) Act 2016.
Succession: Simultaneous deaths (commorientes): Death of younger (England & Wales)
Section updated as well as title as per Succession (Scotland) Act 2016.
Succession: Scottish Prior and Legal rights: Legal rights: Inheritance Tax practice on death
8th paragraph updated to show 'a clearance certificate (form IHT30)' as per chapter update.
Lifetime transfers: investigation issues: donatio mortis causa (DMC)
Last paragraph added as per Succession (Scotland) Act 2016.
The extent of the share (Scotland): special destinations and proof of donation
Last paragraph added as per Succession (Scotland) Act 2016.
Text added below first sentence. Removed in error in 2014 as thought to be processing, now returned. Other minor amendments to bring the age of examples up to date.
The Kindertransport Fund added as a qualifying scheme.
Provisions which exclude the Inheritance Tax Act
Legislative reference in second bullet corrected - from S154(b) to S156(b).
Who should make the instrument?: dead beneficiaries
Text updated and corrected in accordance with guidance in HMRC's Tax Bulletins 15 and 74.
Occupation of farmhouses, cottages and farm buildings: Farmhouses
New paragraph inserted referring to residence nil-rate band.
Value and Valuation: Agricultural value of agricultural property
New paragraph added about residence nil-rate band.
Form Cap A5C (England, Wales and Northern Ireland): applications where Form Cap A5C is required
Name of form in title corrected.
Form Cap A5C (England, Wales and Northern Ireland): procedure on receipt of Form Cap A5C
Name of form in title page corrected.
Form Cap A5C (England, Wales and Northern Ireland): review of Form Cap A5C
Name of form in title page corrected.
What happens when someone dies?: contents
Title of section relating to Form Cap A5C changed to correctly reflect name of form.
Gifts to political parties: qualifying political parties
Information on page re-formatted to make clearer and results from general elections before 2010 removed.
Other issues: application when the first death occurred under Estate Duty and Capital Transfer Tax
Second and third paragraphs amended to correct information about extent of charity exemption between 1974 and1983.
Gifts to political parties: qualifying political parties
Page updated to confirm political parties qualifying for exemption under section 24 IHTA 1984 following the 2017 general election.
Gifts to political parties: introduction
Final sentence added to clarify that a lifetime transfer to a non-qualifying party will be immediately chargeable.
Finance (No 2) Act 2017 changes: relevant loans
Word changed in first line - before 'individuals' the word "by" changed to "to".
Pre-owned assets: specific avoidance schemes: land - reversionary leases
Text updated following review and decision in Lady Hood case.
Lifetime transfers: gifts with reservation (GWRs): the reservation: interests in land
Addition at foot of page to remind caseworkers to obtain full information befor seeking advice.
Interest in unadministered estates: Valuation aspects
Example 1 rewritten to give correct outcome in accordance with legislation.
Investigation of form IHT401: Service
Text in second paragraph reduced to avoid duplication with IHTM13031.
Investigation of form IHT401: Compliance
Text updated for clarification and to remove duplication with IHTM13031.
Liability and payment of tax: contents
New page iHTM30465 added to contents
Limitation of liability by lapse of time: time limits for recovery of unpaid tax
Paragraph added referring to new IHT84/S240B, introduced by FA2019, with link to new page at IHTM30465.
Stocks and shares: valuation: ISAs
Small change in text regarding classes of shares that can be held in a stocks and shares ISA.
Communications: Open Government/Freedom of information: The Freedom of Information Act
Page archived.
Page archived.
Links to IHTM02071 and IHTM02072 archived.
Links to IHTM02271, IHTM02272 and IHTM02273 archived.
Communications: Customer service standards: customer service targets
Page archived.
Communications: Customer service standards: definitions of ‘post’ and ‘dealt with’
Page archived.
Communications: Customer service standards: customer service benefits of efficient handling of work
Page archived.
Communications: Customer service standards: monitoring of post turnaround times
Page archived.
Communications: Customer service standards: over 15 working day post
Page archived.
Agricultural purposes: Qualifying uses of land
Example of definition of food crops included at first bullet point.
Stocks and shares: valuation: shares
Text amended to clarify dates to be used for valuation and what action may be taken on receipt of IHT Account in HMRC.
Communications: Handling of complaints and compliments
Text updated to refer caseworkers to generic guidance.
Communications: Handling of complaints/compliments: procedure upon receiving a complaint
Page archived.
Links to IHTM02244 archived.
Communications: Handling of complaints/compliments: telephone complaints
Page archived.
Communications: Handling of complaints/compliments: handling a complaint
Page archived.
Page archived.
Communications: Handling of complaints/compliments: delays and mistakes
Page archived.
Communications: Handling of complaints/compliments: bad handling of a complaint
Page archived.
Communications: Handling of complaints/compliments: correspondence from MPs
Page archived.
Communications: Handling of complaints/compliments: judicial review
Page archived.
Communications: Handling of complaints/compliments: compliments
Page archived.
Page archived.
Business relief: Replacement property: Minority holdings of unquoted shares
Sentence added to confirm unquoted status of shares on AIM.
2018
Foreign property: specialty debts: bonds and debentures under seal
New final paragraph added concerning the impact of the changes in Finance (No 2) Act 2017.
More detailed guidance: residence
Title change
More detailed guidance: residence outside the UK
Minor changes
More detailed guidance: inherited
Mostly formatting changes
Transfer of unused RNRB: the brought-forward allowance: when and how claims are made
Re-written
Transfer of unused RNRB: effect on available RNRB
Capitalised page ref
Transfer of unused RNRB: effect of tapering
Capitalising page title
Downsizing: the property disposed of
Rewrite
Page moved from IHTM46060
Downsizing Calculations: where there is a qualifying residential interest in the estate: conditions
Page moved from IHTM46059
Downsizing Calculations: overview
Page moved from IHTM46057
Page moved to IHTM46061
Page moved to IHTM46060
Updating hyperlink
Quick succession relief: Identifying QSR - chart
Page archived.
Interest in unadministered estates and QSR: contents
Link to IHTM22044 archived.
Foreign property: specialty debts: bonds and debentures under seal
New text added detailing HMRC's revised approach to the treatment of specialty debts for Inheritance Tax purposes.
First sentence amended to reflect HMRC's revised treatment of specialty debts for Inheritance Tax purposes.
Foreign property: money from a life policy: policies under seal
First paragraph amended and expanded to reflect HMRC's revised treatment of specialty debts for Inheritance Tax purposes.
Exemptions: conditional exemption
Correct time limit for making a claim under IHTA84/S30 added and formatting of page updated.
Discretionary trusts: Heritage
Time limit for making a claim at the final bullet point corrected.
Service work: Primary Compliance Technical Support
Page archived.
Inheritance Tax in HMRC: contents
Links to IHTM01026 archived.
Links to IHTM01028 archived.
Links to IHTM01041 archived.
Links to IHTM01042 archived.
Links to IHTM01082 archived.
Links to IHTM01083 archived.
Links to IHTM01110 archived.
Links to headings archived: Service work, Risk work, Compliance, Technical and Trusts and Estates.
Page archived.
Inheritance Tax in HMRC: Customer Compliance work
Text updated following chapter re-publish.
Amended title and short title following chapter re-publish.
Page archived.
Page archived.
Inheritance Tax in HMRC: Customer Strategy and Tax Design work
Text updated following chapter re-publish.
Trusts and Estates Technical: Actuarial Team
Page archived.
Trusts and Estates Technical: Litigation Team
Page archived.
Trusts and Estates - Product and Process Team (PPT)
Page archived.
Previous example on business liabilities removed as considered to be incorrect. Previously witheld text also removed.
Inheritance Tax in HMRC: Introduction
Text updated following chapter re-publish.
Office structure: Trusts and Estates, Inheritance Tax
Page archived.
Inheritance Tax in HMRC: contents
IHTM01010 archived.
Links to IHTM01012 archived.
Links to IHTM01023 archived.
Links to IHTM01025 archived.
Inheritance Tax in HMRC: How we are organised
Text updated following chapter re-publish.
Office Structure: Service and Compliance
Page archived.
Inheritance Tax in HMRC: Customer Services work
Text updated following chapter re-publish.
Page archived.
Page archived.
Dispositions for maintenance of the transferor's family: meaning of incapacity
Text amended to give more clarification on meaning of 'incapacity'.
Investigating the assets on page7 - Trust Income due to the deceased (box 75)
References to the correct box on IHT400 in the text added and additional links to Chapter 16 of the IHT Manual added.
Assessing: calculation principles: the tax calculation (death cases)
Page updated to include references to residence nil-rate band.
Link added to new page IHTM31035
Assessing: examples of calculations: calculation where there is residence nil rate band
Page republished to facilitate publication on GOV.UK.
Lifetime transfers: associated operations: transfers involving relievable property
Outdated reference to USM removed.
Dispositions not intended to confer bounty: application of the relief
Flowchart replaced by step-by-step guide.
Dispositions for the maintenance of the transferor's family: maintenance of children
Page archived.
How Inheritance Tax is charged: contents
Link to IHTM04174 archived.
Foreign settled property: introduction
Text updated with references to FA 2006 trust terms.
Foreign settled property: the settlor's domicile
Links updated and references to FA2006 trusts definitions added.
Foreign settled property: identifying settled property
Text of example updated.
Spouse or civil partner exemption: definition of spouse and civil partner
New final paragraph added relating to the treatment of Court Orders.
Dispositions for maintenance of the transferor's family: maintenance of other people's children
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Dispositions for the maintenance of the transferor’s family: meaning of a dependent relative
Text updated following chapter re-publish.
Dispositions for maintenance of the transferor's family: meaning of incapacity
Text updated following chapter re-publish.
Dispositions for maintenance of the transferor's family: dispositions satisfying IHTA84/S11 in part
Text updated following chapter re-publish.
Dispositions for the maintenance of the transferor's family: application to settled property
Text updated following chapter re-publish.
Dispositions allowable for income tax or conferring retirement benefits: outline of IHTA84/S12
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Dispositions for the maintenance of the transferor’s family: outline of IHTA84/S11
Text updated following chapter re-publish.
Dispositions for the maintenance of the transferor's family: definitions
Text updated following chapter re-publish.
General outline: the jurisdiction condition
Page amended to correct date of specification for Iceland and Norway and to add Liechtenstein.
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Government securities in foreign ownership: introduction
Additional text added to cover changes from 6 April 2013.
Reversionary interests: introduction
Previous two final paragraphs rewritten and replaced.l
Reversionary interests: purchased reversions
Sentence referring to transfers between 18 March 1986 and 17 March 1987 deleted as now obsolete.
Dispositions not intended to confer bounty: IHTA84/S10 qualified or excluded
Text updated following chapter re-publish.
Dispositions not intended to confer bounty: definitions
Text updated following chapter re-publish.
Dispositions not intended to confer bounty: first condition - gift not intended
Text updated following chapter re-publish.
Dispositions not intended to confer bounty: second condition - arm's length transaction
Text updated following chapter re-publish.
Dispositions not intended to confer bounty: application to settled property
Text updated following chapter re-publish.
Estate Duty surviving spouse exemption: introduction
Additional sentence added to emphasise exemption only applies where first spouse died before 13/11/74.
Changes in the distribution of the deceased's estate
Text updated following chapter re-publish.
Refund to trustees of Income Tax repayments received by settlor
Text updated following chapter re-publish.
Dispositions not intended to confer bounty: outline of IHTA84/S10
Text updated following chapter re-publish.
Page updated as part of chapter update.
Page updated as part of chapter update.
Compensation for wrongs suffered during World War II: how to apply the relief
Page updated as part of chapter update.
Legal background - the meaning of property
New paragraph added at end of page.
Waiver or repayment of an amount of remuneration
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Grant of an agricultural tenancy
Text updated following chapter re-publish.
Dispositions by close companies for the benefit of employees
Text updated following chapter re-publish.
Estate Duty surviving spouse exemption: application on death
Text amended to clarify qualifying conditions for exemption.
Value left out of account: introduction
Example in page updated.
Estate Duty surviving spouse exemption: entitlement to relief
Page archived.
How Inheritance Tax is charged: contents
Link to IHTM04342 archived.
Provisions which exclude the Inheritance Tax Act
Text updated following chapter re-publish.
Dispositions that are not transfers of value: introduction
Text updated following chapter re-publish.
Valuing the partnership interest: Freehold and leasehold property
First paragraph amended to clarify how and when investigators should consider the question of partnership property.
Tax burden on death: received lifetime transfers
Example amended. Appropriate percentage should be based on period between transfer and second death, not the period between the two deaths.
Text updated.
Heritage property: chargeable events under IHTA84/S32
Text updated.
Tax burden on death: received lifetime transfers
Sentence in middle of example amended to clarify that appropriate % is based on period between the two deaths.
Lifetime transfers: deemed potentially exempt transfers
Additional text and examples added.
Lifetime transfers: when is the estate of another individual increased?
Text updated as part of chapter re-write.
Lifetime transfers: transfers that cannot be potentially exempt transfers
Text updated as part of chapter re-write.
Lifetime transfers: woodlands subject to a deferred Estate Duty charge
Text updated as part of chapter re-write.
Lifetime transfers: the loss to the transferor’s estate
Some new text added in bullet points and links to IHTM04029 and 04056 activated.
Lifetime transfers: loss to estate greater than the value of property given
Text updated.
Lifetime transfers: loss to estate less than value of property given
Text updated as part of chapter re-write.
Lifetime transfers: when is a gift made to another individual or to a specified trust?
Text updated as part of chapter rewrite.
Lifetime transfers: when does property becomes comprised in the estate of an individual?
Text updated as part of chapter re-write.
Incorrect figure in 'Apply the available nil-rate band to any lifetime transfers first' corrected.
Transfers on death: changes in value by reason of the death
Final paragraph of page condensed and amended.
Corrective account (C4): introduction
New link to page IHTM10806 on revised procedure for submitting corrrective accounts.
Corrective account (C4): when is an account required (England, Wales and Northern Ireland)?
Changes to page following new guidance at IHTM10806.
Accountability: corrective accounts
Link added to new guidance in IHTM10806.
Failure to deliver an account: when can you seek a penalty?
Link to new guidance at IHTM10806 added.
Incorrect account, information or document: s.248(1) penalty
Link to new guidance at IHTM10806 added.
Clearance certificates: summary
Page amended following changes to process for issuing clearance letters.
Page updated to reflect changes in clearance process.
Claims and time limits: claims by people other than the personal representatives
Final paragraph amended to reflect changes to HMRC clearance process.
Other issues: effect of clearance certificates
Final sentence removed to reflect changes to HMRC clearance process.
Assessing: calculation principles: when to raise calculations
Link added to new guidance at IHTM10806.
Assessing: calculation principles: telling us about amendments
Page archived.
Link to IHTM31023 archived.
IHT accounts and accountability: contents
New page IHTM10806 added.
Structure of the charge: what is a transfer of value?
Page updated as part of chapter rewrite.
Structure of the charge: what is an exempt transfer?
Page amended as part of chapter rewrite.
Structure of the charge: what is the value transferred?
Page amended as part of chapter rewrite.
Structure of the charge: what is property?
Page amended as part of chapter rewrite.
Structure of the charge: what is meant by beneficially entitled?
Page updated as part of chapter rewrite.
Split or Retained Interest Trusts: Introduction
Page added to demonstrate HMRC acceptance of established practice for the purposes of the 2018 IHT DOTAS Hallmark
Erroneous or excessive repayments of tax: over-repayments to be reported
Text updated following chapter re-publish.
Erroneous or excessive repayments of tax: interest supplement
Text updated following chapter re-publish.
How Inheritance Tax is charged: history
Page updated as part of chapter re-write.
Structure of the charge: main charging provisions
Page updated as part of chapter rewrite.
Structure of the charge: what is a disposition?
Page updated as part of chapter rewrite.
Reconsideration of value: introduction
Text updated following chapter re-publish.
Reconsideration by taxpayers: changed circumstances
Text updated following chapter re-publish.
Reconsideration by taxpayers: valuations by SAV
Text updated following chapter re-publish.
Reconsideration by taxpayers: land and buildings
Text updated following chapter re-publish.
Reconsideration by HMRC: agreements
Text updated following chapter re-publish.
Reconsideration by HMRC: Shares and Assets Valuation
Text updated following chapter re-publish.
Determination of questions on previous view of the law: scope of IHTA84/S255
Text updated following chapter re-publish.
Determination of questions on previous view of the law: HMRC law
Text update following chapter re-publish.
Determination of questions on previous view of the law: disputed cases
Text updated following chapter re-publish.
Determination of questions on previous view of the law: delay by HMRC
Text updated following chapter re-publish.
Determination of questions on previous view of the law: instalment cases
Text updated following chapter re-publish.
Determination of questions on previous view of the law: amendments after the change of practice
Text updated following chapter re-publish.
Limitation of liability by lapse of time: statutory provisions
Text updated following chapter re-publish.
Limitation of liability by lapse of time: provisional calculations
Text updated following chapter re-publish.
Limitation of liability by lapse of time: property in the hands of purchasers
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Remissions: distinction between remissions and irrecoverable assessments
Text updated following chapter re-publish.
Remissions: when a claim may be discharged
Text updated following chapter re-publish.
Remission of interest: delay cases (Code of Practice)
Text updated following chapter re-publish.
Remission of interest: procedure in delay cases
Text updated following chapter re-publish.
Remission of interest: guidelines in delay cases
Text updated following chapter re-publish.
Special rules: property accepted in satisfaction of tax
Text updated following chapter re-publish.
Special rules: Scotland - legitim
Text updated following chapter re-publish.
Special rules: settled property - sales and mortgages of reversionary interests
Text updated following chapter re-publish.
Adjustment of tax paid: underpayments
Text updated following chapter re-publish.
Adjustment of tax paid: repayments
Text updated following chapter re-publish.
Reopening IHT liabilities: introduction
Text updated following chapter re-publish.
Reopening IHT liabilities: procedure
Text updated following chapter re-publish.
Lifetime cesser of a qualifying interest in possession: cesser taxable when made
Text updated following chapter re-publish.
Instalment option: relevant property trusts
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Attribution process: introduction
Text updated following chapter re-publish.
Attribution process: lifetime transfers
Text updated following chapter re-publish.
End of instalment option: meaning of 'sold'
Text updated following chapter re-publish.
End of instalment option: underwriting interests
Text updated following chapter re-publish.
End of instalment option: chargeable transfers otherwise than on death
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Rates of interest: the higher and lower rates before 16 December 1986
Text updated following chapter re-publish.
Interest period: instalments without interest relief
Text amended following chapter re-publish.
Interest period: instalments with interest relief
Text updated following chapter re-publish.
Special rules: Inheritance (Provision for Family & Dependants) Act 1975
Text updated following chapter re-publish.
Special rules: voidable transfers
Text updated following chapter re-publish.
Transfers on death: meaning of 'unquoted' for instalments
Text updated following chapter re-publish.
Transfers on death: control holdings of shares and securities
Text updated following chapter re-publish.
Transfers on death: unquoted shares - undue hardship
Text updated following chapter re-publish.
Transfers on death: unquoted shares - 20% tax test
Text updated following chapter re-publish.
Potentially Exempt Transfers (PETs): deaths before 17 March 1987
Text updated following chapter re-publish.
Transfers and other events on or after 17 March 1987: settled property
Text updated following chapter re-publish.
Transfers and other events on or after 17 March 1987: the transferee
Text updated following chapter re-publish.
Qualifying property (PETs): unquoted shares or securities - undue hardship
Text updated following chapter re-publish.
Lifetime transfers chargeable when made: additional tax payable on death of transferor
Text updated following chapter re-publish.
Lifetime transfers chargeable when made: previous legislation and lifetime transfers
Text updated following chapter re-publish.
Lifetime transfers chargeable when made: qualifying property
Text updated following chapter re-publish.
Gifts with reservation: deceased's residence
Text updated following chapter re-publish.
Gifts with reservation: other qualifying property
Text updated following chapter re-publish.
Lifetime cesser of a qualifying interest in possession: introduction
Text updated following chapter re-publish.
Lifetime cesser of a qualifying interest in possession: cesser a PET
Text updated following chapter re-publish.
Tax payable on taking out of grant: non-instalment option property
Text updated following chapter re-publish.
Payment methods: payment by cheque
Text updated following chapter re-publish.
Payment methods: payment by electronic transfer
Text updated following chapter re-publish.
Payment methods: payment by national savings or government stock
Text updated following chapter re-publish.
Payment methods: payment by IHT direct payment scheme
Text updated following chapter re-publish.
Payment methods: payment by transfer of land or chattels
Text updated following chapter re-publish.
Payment methods: payment out of tax repayments
Text updated following chapter re-publish.
Instalment option: introduction
Text updated following chapter re-publish.
Payment by instalments: when instalments are payable
Text updated following chapter re-publish.
Payment by instalments: election
Text updated following chapter re-publish.
Payment by instalments: request to elect for instalments after tax paid in one sum
Text updated following chapter re-publish.
Payment by instalments: option where additional tax payable
Text updated following chapter re-publish.
Transfers on death: introduction
Text updated following chapter re-publish.
Transfers on death: categories of qualifying property
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Transfers on death: businesses and interests in businesses
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Transfers on death: shares and securities
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Liability on settled property: persons liable
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Definition and extent of liability (settled property): trustees
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Definition and extent of liability (settled property): persons other than trustees
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Definition and extent of liability (settled property): beneficiaries
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Definition and extent of liability (settled property): recipients of benefit
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The settlor: limitations on settlor's liability
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The settlor: death charge on lifetime transfers chargeable when made
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The settlor: settlement made before 11 December 1974
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Liability in special cases: heritage property
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Liability in special cases: discretionary trust charges and heritage property
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Liability in special cases: woodlands
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Liability in special cases: transfers by a close company
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Liability and payment of tax: general payment rule
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Due date for payment: death transfers
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Due date for payment: other charges arising on death
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Due date for payment: lifetime transfers chargeable when made
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Due date for payment: conditionally exempt property
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Due date for payment: woodlands
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Due date for payment: payment before due date
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Due date for payment: request to pay in advance
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Tax payable on taking out of grant: Inheritance tax rates
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Liability on gifts with reservation (GWRs): introduction
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Liability on gifts with reservation (GWRs): persons liable when treated as a PET
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Liability on gifts with reservation (GWRs): persons liable when treated as part of death estate
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Liability on gifts with reservation (GWRs): definition and extent of liability
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Liability on lifetime transfers chargeable when made: introduction
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Liability on lifetime transfers chargeable when made: persons liable
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Definition and extent of liability (lifetime transfers chargeable when made): transferor
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Definition and extent of liability (PETs): transferee
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Definition and extent of liability (PETs): persons excluded
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Definition and extent of liability (PETs): persons liable under IHTA84/S199 (1)(c)
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Definition and extent of liability (PETs): objects of a relevant property trust
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Liability on death transfers: the persons liable
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Liability on death transfers: other unsettled property (except GWRs)
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Liability on death transfers: priorities
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Definition and extent of liability: personal representatives
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Definition and extent of liability: extent of a personal representative's liability
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Definition and extent of liability: nature of a personal representative's liability
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Definition and extent of liability: persons liable under IHTA84/S200 (1)(c)
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Definition and extent of liability: persons excluded
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Definition and extent of liability: property settled before the death
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Definition and extent of liability: particular situations
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Definition and extent of liability: policies effected by a person who dies domiciled outside the UK
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Liability on potentially exempt transfers (PETs): persons liable
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Liability on potentially exempt transfers (PETs): priorities
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Liability on potentially exempt transfers (PETs): recourse to transferor's personal representatives
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Liability on potentially exempt transfers (PETs): practice relating to personal representatives
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Liability and payment of tax: introduction
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Change of Domicile: Deemed Domicile
Further references made to highlight changes to deemed domicile rules from 6 April 2017.
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Communications: Use of Microsoft Word templates and standard letters: standard letter template
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Communications: Use of Microsoft Word templates and standard letters: inserting standard text
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Section in Chapter 2 on 'Use of Microsoft Word templates and standard letters' removed.
Change of Domicile: Deemed Domicile
Link to new deemed domicile rules from 6/4/17 added.
New section on changes to the Inheritance Tax domicile rules in the Finance (No 2) Act 2017 added.
How Inheritance Tax is charged: contents
New section added on changes to treatment of certain types of excluded property in the Finance (No 2) Act 2017.
Certificates of tax deposit - introduction
Page updated to reflect closure of CTD scheme.
Payment methods: payment by certificates of tax deposit
Updated to note ending of CTD scheme and to correct contact details.
Proportionate charges: calculation of rate before first ten year anniversary
The values required to calculate the aggregate chargeable transfer have been updated.
Clarification and further examples added
2017
New pages IHTM24212 and 24213 added to contents page.
Foreign property: valuation of assets: listed foreign shares
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Foreign property: valuation of assets: unlisted foreign shares
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Foreign property: valuation of assets: loss on sale of shares
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Foreign property: valuation of assets: fall in value relief
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Foreign property: valuation of assets: household and personal goods
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Foreign property: valuation of assets: foreign land or buildings: procedure
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Foreign property: valuation of assets: loss on sale of foreign land
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Foreign property: valuation of assets: fall in value relief on foreign land or buildings
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Foreign property: valuation of assets: deduction for administration of non-UK assets
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Foreign property: valuation of assets: conversion of foreign currency
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Foreign property: valuation of assets: claims for compensation
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Foreign property: blocked assets
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Household goods and personal goods: types of asset: auction sales
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Household and personal goods: contents
Links to IHTM21027 archived.
Qualifying investments: what are qualifying investments?
Reference to USM deleted as out of date.
Qualifying investments: Unlisted Securities Market (USM) shares
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Loss on sale of shares: contents
Links to IHTM34133 archived.
Contents page amended following chapter re-publish adding IHTM34165.
Contents page updated following chapter re-publish, adding page IHTM34178.
Appropriate person: basic condition
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Appropriate person: separate claims by legal personal representatives and trustees
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Appropriate person: death of the legal personal representative or the trustee
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Appropriate person: Personal Equity Plans (PEPs) and Individual Savings Accounts (ISAs)
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Calculating the loss: what is an 'overall loss'?
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Calculating the loss: how is the loss calculated?
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Calculating the loss: value on death
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Calculating the loss: interest on government securities
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Calculating the loss: sale value
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Calculating the loss: capital payments
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Changes in shareholdings: changes in the capitalisation of a company
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Changes in shareholdings: date of death value for the whole of a new holding
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Changes in shareholdings: date of death value for investments sold
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Changes in shareholdings: investments forming part of the new holding
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Changes in shareholdings: bonus issues
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Changes in shareholdings: renounced bonus issue
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Changes in shareholdings: rights issue
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Changes in shareholdings: rights sold
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Changes in shareholdings: rights taken up and sold
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Changes in shareholdings: rights not taken up or sold
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Changes in shareholdings: rights disposed of without consideration
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Changes in shareholdings: part of rights sold, balance taken up as shares
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Changes in shareholdings: acquisitions prior to sale
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Restrictions on relief for purchases: introduction
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Restrictions on relief for purchases: the restriction
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Restrictions on relief for purchases: purchases by the ‘appropriate’ person
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Restrictions on relief for purchases: purchases of ‘qualifying investments’
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Restrictions on relief for purchases: prior purchase of similar shares
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Restrictions on relief: part holdings comprised in the deceased’s estate
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Restrictions on relief: loss on sale is greater than the original date of death value
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Attribution of values to specific investments: summary
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Attribution of values to specific investments: payment of ‘call’
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Attribution of values to specific investments: changes in the capitalisation of a company
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Attribution of values to specific investments: purchases of qualifying investments
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Qualifying investments: what are qualifying investments?
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Qualifying investments: non-qualifying investments
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Qualifying investments: shares temporarily suspended at the date of death
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Qualifying investments: share option schemes
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Qualifying investments: underwriting deposits
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Qualifying investments: unadministered estates
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Qualifying investments: reversionary interests
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Qualifying investments: shares held by a partnership
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Qualifying investments: foreign stock exchanges
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Qualifying investments: open ended investment companies (OEIC)
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Sales: Special treatment of shares in Northern Rock & Bradford & Bingley
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Information notices: introduction
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Loss on sale of shares: summary
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Loss on sale of shares: background
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Loss on sale of shares: basic conditions
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Service/Compliance procedures: Introduction
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Loss on sale of shares: contents
Links to IHTM3420-IHTM34081 archived.
FACET Procedures archived as per chapter republish.
Service/Compliance procedures: key stages in dealing with a claim for relief (chart)
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Service/Compliance procedures: receiving a claim for relief (chart)
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Service/Compliance procedures: who is responsible for dealing with the claim?
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Service/Compliance procedures: is the claim for relief in the approved format?
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Service/Compliance procedures: has form IHT 35 been completed correctly?
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Service/Compliance procedures: checking the claim for relief? (chart)
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Service/Compliance procedures: initial check of the value of shares included in the claim? (chart)
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Service/Compliance procedures: checking form IHT 35
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Service/Compliance Group procedures: are additional valuation checks required? (chart)
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Service/Compliance procedures: mandatory referrals to FACET
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Service/Compliance procedures: other referrals to FACET
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Service/Compliance procedures: summary of checks made in FACET
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Service/Compliance procedures: agreeing the claim for relief (chart)
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Service/Compliance procedures: raising enquiries
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Service/Compliance procedures: sale price unacceptable
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Service/Compliance procedures: finalising the relief (chart)
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Service/Compliance procedures: what to do once the relief is agreed
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Service/Compliance procedures: provisional relief
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Service/Compliance procedures: finalising the relief
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Service/Compliance procedures: notifying tax offices of revised values
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Service/Compliance procedures: claiming relief for underwriting interests
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Service/Compliance procedures: dealing with claims for relief on underwriting deposits
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FACET procedures: introduction
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FACET procedures: why are forms IHT 35 sent to FACET?
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FACET procedures: summary of checks made in FACET (chart)
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FACET procedures: is the form IHT 35 appropriate for FACET to consider?
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FACET procedures: what checks should you make if a substantial loss has been claimed?
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FACET procedures: what you should do if one or more of the questions at 2 or 3 are answered ‘Yes’
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FACET procedures: non-mandatory referrals from caseworkers
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FACET procedures: suspended or cancelled shares
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FACET procedures: purchase of shares
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FACET procedures: capital payments
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FACET procedures: changes in shareholdings
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FACET procedures: bonus issues
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FACET procedures: rights issues
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FACET procedures: limitations on loss of sale of shares relief
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Other issues: valuing the first estate, ascertained valued for CGT
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Other issues: effect of clearance certificates
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Other issues: disclosure of TNRB calculations to other liable persons
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Claims and time limits: how to make a claim
Amending hyperlinks and wording for external websites as per chapter re-publish.
Dealing with a claim: action in Compliance Group
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Transferable nil-rate band: - contents
Updated title for IHTM43014 as per chapter re-publish.
Links to IHTM43015 archived.
Title updated for IHTM43020 as per chapter re-publish
Title updated for IHTM43025 as per chapter re-publish.
Updated title for IHTM43046 as per chapter re-publish.
Links to IHTM43049 archived.
Links to archived pages removed.
Links to IHTM43051 archived.
Links to IHTM43051 archived.
Links to IHTM43052 archived.
Links to IHTM43061 archived.
Dealing with a claim: points for Compliance Group
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Dealing with a claim: partially or unconstituted nil rate band trusts
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Calculating the transferable nil rate band: how the amount to be transferred is calculated
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Calculating the transferable nil rate band: how to reflect the increased nil rate band on COMPASS
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Basic principles: divorce or dissolution of a civil partnership
Amended title to show lowercase 'divorce' as per chapter. Updated text following chapter re-publish.
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Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: simultaneous deaths
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Calculating the transferable nil rate band: legitim
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Domicile: domicile of first spouse or civil partner to die
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Domicile: calculation where the domicile of the survivor at the first death is outside the UK
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Interaction with alternatively secured pensions: restriction of nil rate band on recapture charge
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Other issues: application when the first death occurred under Estate Duty and Capital Transfer Tax
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Other issues: penalties for incorrect claim for transferable nil rate band
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Other issues: settling the amount of unused TNRB at the first death
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Other issues: requests to revise values included on the first death
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Other issues: excepted estates and transferable nil rate band
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Dealing with a claim: action in PC&S
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Transferable nil-rate band: - contents
Links to IHTM43013 archived.
Claims and time limits: how to make a claim
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Claims and time limits: time limits
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Claims and time limits: claims by people other than the personal representatives
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Claims and time limits: late claims
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Dealing with a claim: reviewing form IHT402 and form IHT216
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Dealing with a claim: action in Risk: first death before 9 October 2007
Text and Title updated following chapter re-publish.
Transferable nil-rate band: - contents
Updated Title for IHTM43011 as per chapter re-publish.
Updated title for IHTM43012 following chapter re-publish.
Dealing with a claim: action in Risk: first death on or after 9 October 2007
Text and Title updated following chapter re-publish.
Basic principles: introduction
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Basic principles: focus is on the extent to which the nil rate band is unused
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Basic principles: what constitutes a valid marriage?
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Basic principles: what equivalent arrangements to civil partnerships are recognised in the UK?
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Household goods and personal goods: types of asset: aircraft, boats, ships and mobile homes
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Household goods and personal goods: types of asset: paintings
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Household goods and personal goods: valuation and technical issues: how we value household goods
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Distribution from a relevant property trust settled by will: introduction
Title of page changed from 'set up by will' to 'settled by will' to match titles of other pages in this sub-section of chapter 35 of the IHTM.
Reduced rate for gifts to charity: calculating the baseline amount: introduction
Added text to show that RNRB does not impact the calculation of the baseline amount.
Basic Principles: general overview
added extra text for charitable gifting reduced rate.
Pre-owned assets: specific avoidance schemes: land - home loan or double trust scheme
Sentence added at the end of the page with a link to HMRC's new guidance on the unwinding of home loan or double trust schemes.
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Orders under the Inheritance (Provision for Family and Dependants Act) 1975: settled property
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Provisions relating to Legitim: the basic rule in s.147
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Provisions relating to Legitim: alternative to the basic rule
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Provisions relating to Legitim: what is an appropriate case?
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Provisions relating to Legitim: notice of election
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Provisions relating to Legitim: action on receipt of an election
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Provisions relating to Legitim: writing to those entitled to claim legitim
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Provisions relating to Legitim: IHT consequences of an election under s.147(4)
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Provisions relating to Legitim: example of the consequences of an election under s.147(4)
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the Inheritance (Provision for Family and Dependants Act) 1975: persons who may apply
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the Inheritance (Provision for Family and Dependants Act) 1975: orders the Court can make
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the Inheritance (Provision for Family and Dependants Act) 1975: net estate for I(PFD)A 1975 purposes
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New section on unwinding of home loan and double trust scheme added.
IHT implications of an Instrument of Variation: effect of coming within s.142
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IHT implications of an Instrument of Variation: increased exemption
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IHT implications of an Instrument of Variation: effect of not coming within s.142
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IHT implications of an Instrument of Variation: excepted estates
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Disclaimers: what you should do when you receive a disclaimer
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Disclaimers: dead beneficiaries
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Disclaimers: interests in settled property
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Disclaimers: class-closing rules
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Compliance with a testator's request: introduction
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Compliance with a testator's request: what you should do if you are notified of a transfer
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Compliance with a testator's request: transfers of land and to charity
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Distribution from a relevant property trust settled by will: introduction
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Distribution from a relevant property trust settled by Will: when s.144 applies
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Distribution from a relevant property trust settled by Will: IHT implications
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Surviving spouse or civil partner elects to take a lump sum on intestacy (England and Wales)
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Orders under the Inheritance (Provision for Family and Dependants Act) 1975: introduction
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Orders under the Inheritance (Provision for Family and Dependants Act) 1975: orders under s.2
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Property redirected to the spouse or civil partner: limited interest slightly longer than two years
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Consideration brought in from outside the estate
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Does the variation affect another estate?
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Property redirected to a charity: redirection to a charity by an individual
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Property redirected to a charity: Gift Aid relief
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Property redirected to a charity: redirection to a charity by a non-qualifying body
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Property redirected to a charity: requirement to notify IoV to charity
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Trust created by a variation: introduction
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Trust created by a variation: procedure when a trust is created
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Trust created by a variation: short term interests disregarded
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Trust created by a variation: distribution before the end of the short term interest
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Procedure on completing form IOV1
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Who should make the instruments?: income between two deaths
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Who should make the instrument?: limited interests
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Who should make the instrument?: interests of persons not party to the instrument (Scotland)
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Who should make the instrument?: women past the age of child-bearing
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Has an election been made?: introduction
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Has an election been made?: requirements for a valid election
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Has an election been made?: form of an election
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Has an election been made?: persons making the instrument
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Has an election been made?: personal representatives
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Alterations to the devolution of an estate: contents
Links to IHTM35055 archived.
Links to IHTM35057 archived.
Has an election been made?: the six month time limit
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Has an election been made?: late elections
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Has a statement of intent been included?
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Has Stamp Duty exemption been claimed?
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Meaning of estate for s.142: introduction
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Meaning of estate for s.142: settled property
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Meaning of estate for s.142: partnerships
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How many variations can be attempted?: introduction
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How many variations can be attempted?: second variation affecting the same property
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How many variations can be attempted?: variations affecting the different items of property
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How many variations can be attempted?: link between s.142 and s.144
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How many variations can be attempted?: rectification of errors
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Property redirected to the spouse or civil partner: introduction
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Property redirected to the spouse or civil partner: variations and joint property
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Property redirected to the spouse or civil partner: gifts back to original beneficiaries
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Property redirected to the spouse or civil partner: redirection of excluded property
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Page republished as part of chapter 35 re-publish.
Published guidelines: Calculation of additional tax and form IOV2
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Form IOV1: when a variation can be made
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Who should make the instrument? : introduction
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Who should make the instrument?: dead beneficiaries
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Alterations to the devolution of an estate: introduction
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Instruments of Variation: introduction
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Instruments of Variation: time limits
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Published guidelines: introduction
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Published guidelines: examples where the destination of property must be varied
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Overview of agricultural relief: Reviewing the information
Text updated and redacted text removed.
Other issues: Sugar Beet Quotas
Sentence added to note end of Sugar Beet Quota.
Investigating accounts and principles of valuation: contents
Added title to contents page as per manual update.
IHTM09331 required a change of heading following chapter re-publish.
Taxpayer and Third Party (Information) Notices
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Negotiating a settlement: when to consider negotiation
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Investigating no-grant cases: introduction
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Investigating no-grant cases: initial research and information gathering
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Reference to deleted page removed.
Investigating accounts and principles of valuation: contents
Added IHTM09101 as per chapter update.
Links to IHTM09095
Investigating no-grant cases: procedures for pursuing delivery of an account (chart)
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Investigating no-grant cases: accountable persons not identified
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Investigating accounts: failure to comply with request to deliver an account
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Investigating no-grant cases: what to do when you receive an account
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Ascertained values: when is a value `ascertained`?
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Investigating accounts and principles of valuation: summary
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Investigating accounts: purpose
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Investigating accounts: general approach
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Investigating accounts: best practice
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Investigating accounts: estimated values
Text updated following chapter re-publish.
Investigating accounts: exempt or partly exempt estates
Text updated following chapter re-publish.
Investigating accounts: reviewing replies
Page Archived.
Investigating accounts and principles of valuation: contents
Links to IHTM09060 archived.
Investigating accounts: meetings with taxpayers
Text updated following chapter re-publish.
Investigating accounts: failure to reach an agreement with taxpayers
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Raising enquiries: when to make your initial enquiries
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Raising enquiries: purpose and aims
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Text and title updated following chapter re-publish.
Stocks and shares: valuation: ISAs
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Stocks and shares: valuation: Stock Exchange Listings
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Stocks and shares: valuation: shares
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Stocks and shares: valuation: UK government securities and municipal securities
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Stocks and shares: valuation: unit trusts
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Stocks and shares: valuation: ISAs
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Stocks and shares: valuation: additional quotation markings
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Stocks and shares: valuation: capitalisation issues
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Stocks and shares: valuation: rights issues
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Stocks and shares: listed stocks, shares and investments: other issues: dividends
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Stocks and shares: unlisted shares: what are unlisted shares?
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Stocks and shares: unlisted shares: unlisted securities
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Stocks and shares: BES/EIS/VCT/EZ/Property Enterprise Trust: introduction
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Stocks and shares: BES/EIS/VCT/EZ/Property Enterprise Trust: identifying investments in the schemes
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Stocks and shares: Share Option Schemes: what is a Share Option Scheme?
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Stocks and shares: investments on alternative markets: the alternative markets
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Stocks and shares: investments on alternative markets: business relief
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Stocks and shares: investments on alternative markets: instalments
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Stocks and shares: introduction
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Stocks and shares: investigating forms IHT411 and IHT412: introduction to the forms
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Stocks and shares: listed stocks, shares and investments: introduction
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Stocks and shares: valuation: basis of valuation
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Stocks and shares: valuation: PEPs
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Stocks and shares: BES/EIS/VCT/EZ/Property Enterprise Trusts: purpose of the schemes
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Stocks and shares: BES/EIS/VCT/EZ/Property Enterprise Trust: Income Tax position
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Stocks and shares: Share Option Schemes: Pure Option Scheme
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Stocks and shares: Share Option Schemes: SAYE Scheme
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Stocks and shares: investments on alternative markets: AIM
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Stocks and shares: investments on alternative markets: OFEX
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Stocks and shares: investments on alternative markets: Rule 4.2(a)
Pages Archived.
Stocks and shares: investments on alternative markets: USM
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Stocks and shares: investments on alternative markets: NASDAQ
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Stocks and shares: investments on alternative markets: EASDAQ/NASDAQ Europe
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Links to IHTM18096, 18305,18306, 18312, 18313, 18336, 18337, 18338, 18339, 18340 and 18341 archived.
Domicile: election by non-UK domiciled spouse or civil partner: how to make an election
Address for elections updated.
More detailed guidance: inherited
Blank lines removed.
Downsizing: general principles
erroneous link removed.
Basic Principles: general overview
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Basic Principles: general overview
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Basic Principles: phasing-in RNRB
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Basic Principles: how the RNRB is applied.
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Basic definitions: introduction
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Basic definitions: the value of the estate ‘E’ and the value transferred on death ‘VT’
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Basic definitions: ‘Closely Inherited’
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Calculating the RNRB: when is RNRB due?
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Calculating the RNRB: calculating the 'default allowance' and the 'adjusted allowance'
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More detailed guidance: dwelling-house
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More detailed guidance: direct descendants
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Transfer of unused RNRB: the brought-forward allowance: method of calculation
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Applying the RNRB to the estate: examples
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Calculating the RNRB: when is RNRB due?
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More detailed guidance: direct descendants
bullet removed
Basic Principles: general overview
link
Communications: British Document Exchange: what is British Document Exchange?
Text updated as HMRC Inheritance Tax no longer use the DX service.
Communications: British Document Exchange: when to use British Document Exchange
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Communications: British Document Exchange: document exchange numbers of IHT
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Communications: British Document Exchange: treatment of outgoing document exchange mail
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Communications: British Document Exchange: document exchange directories
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Links to IHTM02142, 02143, 02145 and 02147 archived.
Communications: General enquiries: Advice and information
Text updated to remove out of date reference to 'Code of Practice 10'.
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Non-statutory assurances and other types of certificate: cancelling a charge on property
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Non-statutory assurances and other types of certificate: certificate of tax paid
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Outstanding penalty issues: applications for clearance received in PC&S
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Outstanding penalty issues: applications for clearance received in CG
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Completing the clearance certificate: signing the certificate
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Changes after the issue of the clearance certificate: remissions
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Clearance certificates: contents
Sub-heading 'Completing the clearance certificate: outstanding penalty issues' and links to IHTM40111, 40112, 40120 and 40148 archived.
Clearance certificates: summary
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Clearance certificates: what are clearance certificates?
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Clearance certificates: who can apply for clearance certificates?
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Clearance certificates: who is covered by a clearance certificate?
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Clearance certificates: when can an application for clearance be made?
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Clearance certificates: what is not covered by a clearance certificate?
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Procedures for dealing with an application for clearance: is a certificate appropriate?
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Procedures for dealing with an application for clearance: is the application in the approved format
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Is the application for clearance premature? : general
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Is the application for clearance premature?: full details of the estate not known
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Checking form IHT 30: sections A, B, C and D
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Checking form IHT 30: section E
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Checking form IHT 30: section F
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Section G: checking applicants signatures on form IHT 30
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Section G: signatures of corporate or public trustees on form IHT 30
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Section G: signatures of attorneys on form IHT 30
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Conditions to be satisfied before certifying the IHT 30: general
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Conditions to be satisfied before certifying the IHT 30: tax not paid at another title
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Qualifying the certificate: instalments
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Qualifying the certificate: timber
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Qualifying the certificate: conditionally exempt property
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Qualifying the certificate: blocked foreign assets
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Changes after the issue of the clearance certificate: changes to the value of assets
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Changes after the issue of the clearance certificate: additional assets
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Changes after the issue of the clearance certificate: fraud or failure to disclose material facts
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Changes after the issue of the clearance certificate: sales of land or buildings
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Changes after the issue of the clearance certificate: sales of unquoted shares
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Changes after the issue of the clearance certificate: form IHT30 was applied for prematurely
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Changes after the issue of the clearance certificate: statutory amendments to the estate
Text of page updated.
2016
Structure of the charge: how a disposition becomes a chargeable transfer
Flowchart replaced by step-by-step guide.
Business relief: Investment businesses: Lettings of commercial premises
links restored
Lifetime transfers - additional conditions: The two conditions
Additional text added
Lifetime transfers - additional conditions: Replacement property
Section name changed
Section name changed
Business relief: Replacement property: Conditions
Reference to flow chart removed
Page added
Page archived
Business relief and businesses: Contents
Links to IHTM25312 archived
Section number changed
Links to IHTM25322 archived
Links to IHTM25332 archived
Links to IHTM25362 archived
Business relief: Replacement property: Minority holdings of unquoted shares
amendments made as part of general update
Reference to chart deleted, and new text added
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Successive transfers: Introduction
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Lifetime transfers - additional conditions: chart
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Business relief: Investment businesses: Holiday lettings
Section name changed and text updated
Section name changed and text updated
Business relief: Investment businesses: Other lettings
Section name changed and text update
Business relief and businesses: Contents
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Business relief: Investment businesses: Property consisting of a business
Amendments made as part of general update.
Section heading changed
Business relief: Investment businesses: Meaning of 'investment'
Change of section title and text updated
Hyperlink
Business relief: Investment businesses: Land as a business asset
Section title changed and text amended
Business relief: Investment businesses: Lettings of commercial premises
Additions to text including examples and Tribunal cases
Investment businesses: Holding companies
New page added, and page order changed.
Investment businesses: Holding company and LLP examples
Page changed with new content.
Categories of service entitled to exemption: civilian deaths
Page archived.
Estate Duty KIW exemptions for settled property: surviving spouse exemption
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Estate Duty KIW exemptions for settled property: extra statutory concession F13
Page archived.
Links to pages IHTM11314, 11321 and 11322 archived.
Valuing businesses and partnerships: Fetters
Amendments made as part of general update of manual.
Valuing Businesses and Partnerships: Instalments
Table removed
Example contents reproduced without table.
Business relief: Outline of business relief
General update of manual
Relevant Business Property: Investigating Relevant Business Property
Process and table removed.
Business interests: Property consisting of a business or a business interest
Amendments as part of general manual update.
Other holdings of unquoted shares: Meaning of unquoted for business relief purposes
Table and footnotes to table removed.
General update and superfluous text removed.
Other relevant business property: Partnership interests
General update of text.
What is a partnership: Limited liability partnerships
General update and examples
Valuing the partnership interest: Partnership share
Superfluous text removed
Valuing the partnership interest: Milk quotas
additional information
Valuing the partnership interest: Other assets
Redaction removed
Valuing the partnership interest: Adjusting the deceased's capital account
Page archived
Business relief and businesses: Contents
Links to IHTM25113 archived
Investigation in 100% relief cases: Business interests - chart for relief on death
Page archived
Business relief and businesses: Contents
Links to IHTM25022
Links to IHTM25023 archived.
Links to IHTM25024 archived.
New page added
Page archived.
Page archived.
Interest in unadministered estates: effect on reliefs
Revision of text as part of general update.
Interest in unadministered estates: gifts of residue
Revision of text as part of general update.
Interest in unadministered estates: payment by instalments
Revision of text as part of general update.
Quick succession relief: summary
Revised text as part of general update.
Quick succession relief: when the relief applies
Revised text as part of general update.
Interest in unadministered estates and QSR: contents
Removes internal process
Removes duplicated guidance
Interest in unadministered estates and QSR: introduction
Revision of text as part of general update.
Interest in unadministered estates: summary
Revision of text following general update.
Interest in unadministered estates: Valuation aspects
Revision of text following general update.
Lifetime transfers: Replacement property (other than shares or securities)
Correction of guidance in penultimate paragraph to correctly reflect legislation in IHTA84/S124B (1)(b).
Succession: Simultaneous deaths (commorientes): Death of elder
Text updated to reflect the effect for IHTA84/ S4(2) of survivorship clauses in Wills.