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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 IHTA 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).