IHTM11012 - Groups of exempt transfers: lifetime and death transfers

This group consists of

• transfers between spouses or civil partners (IHTM11031) and (IHTM11032)
• transfers to charities and registered sports clubs (IHTM11101)
• transfers to political parties (IHTM11191)
• transfers of land to registered housing associations (IHTM11211) or registered social landlords
• transfers for national purposes (IHTM11221)

The exemptions in the group have the following features in common

• they apply to deemed transfers (IHTM04025) as well as actual transfers (IHTM04024). So they apply to transfers on death and on the ending of a qualifying interest in possession in settled property as well as to actual transfers during lifetime
• where the transfer is only partly exempt (IHTM26001), the extent to which it is exempt is determined by IHTA84/S36 to IHTA84/S42
• the application of the exemptions is restricted by broadly similar provisions
• to the extent that a gift is an exempt transfer under any of these sections, the gift with reservation (IHTM04071) provisions do not apply - FA86/S102 (5) and
• there is a general formula (IHTM11013) for working out how much exemption is due.