Beta This part of GOV.UK is being rebuilt – find out what beta means

HMRC internal manual

Inheritance Tax Manual

Compliance with a testator's request: what you should do if you are notified of a transfer

You should satisfy yourself that the transfer meets the requirements (IHTM35171) to fall within IHTA84/S143.  Where it does the IHT implications are that

  • the IHTA84 applies, and so tax is charged or exemption given as if the property transferred had been bequeathed by the testator’s will to the transferee, and
  • the transfer is not a transfer of value, IHTA84/S17(b).