Lifetime transfers: associated operations: additional provisions
As a general rule, it does not matter whether or not
- the operations (IHTM14826) are effected by the same person or
- they are effected simultaneously.
There are two exceptions from this general rule. These exceptions are set out in IHTA84/268(2). The exceptions are that
- the granting of a lease for full consideration in money or money’s worth cannot be associated with an operation which occurs more than three years later.
- an operation effected before 27 March 1974 cannot be associated with one which occurs on or after that date.