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HMRC internal manual

Inheritance Tax Manual

Updates: Inheritance Tax Manual

2016

published amendments

Ten year anniversary: values required (flowchart)
Flowchart image changed to a link to ensure page published on GOV.UK.

published amendments

Loss on sale of land: outline of the relief
Sale price in second line of example was incorrect. Changed from £150,000 to £250,000.
Lifetime transfers: the charge to tax: potentially exempt transfers (PETs): cumulation
Value in example for Apr 06 incorrect. Changed from £60,000 to £75,000.

published amendments

Tax burden on death: gifts free of tax
Error in formatting of example. Now corrected to make example clear.
The rate of relief: Transitional provisions for relief (working farmers’ relief) at the higher rate for let land
Correction to error in body of text - 3rd bullet point under 'Conditions for the application of the transitional provisions'. Changed from "members of his family" to "if appropriate, their spouse".

published amendments

Stocks and shares: valuation: shares
Text updated, mainly the sub-section under Authority for valuation methods following changes to the method of valuation for Capital Gains Tax purposes in 2015.
Gifts to political parties: qualifying political parties
Text updated to reflect the results of the 2015 UK general election.
Reduced rate for charitable gifts: contents
Corrected title to 'gifts'.

published amendments

Business relief and businesses: Contents
IHTM25366 to 25370 not shown on contents page - now corrected.
IHTM25354 not shown on contents page - now corrected.
IHTM25264 not shown on contents page - now corrected.
IHTM25277 to 280 not shown on contents page - now corrected.
IHTM2576 (furnished lettings) not on contents page - now added.
Share farming and contract farming agreements: Contract farming
Final line changed from 'Technical in Nottingham' to 'Technical' as referrals can be considered in Nottingham and Edinburgh.
Business relief: Investment businesses: Furnished lettings
Not shown on contents page - republishing in attempt to show it there.

published amendments

Liability and payment of tax: contents
New page IHTM30125 - Liability of purchaser - added to contents page.

published amendments

Lifetime transfers: the charge to tax: cumulation with the death estate
Changed to correct error in placing of 'Example' in text.
Foreign property: Double Taxation Conventions: Double Taxation Relief: what is the relief?
Link in page to the same page (27181) removed.

published amendments

Agricultural property: Farm cottages
Correcting formatting or word "right" in 3rd of final set of bullet points.

published amendments

Limitation of liability by lapse of time: time limits for recovery of unpaid tax
Title amended, and additional text added to clarify effect of section 240 IHTA when additional assets are notified.

published amendments

Lifetime transfers: the charge to tax: immediately chargeable transfers: cumulation
Year incorrectly stated in example as 2000. Should read 2010.

published amendments

General procedure: restriction of exemption where the beneficiary settles a claim against the deceased’s estate from their own resources (England and Wales)
Reflects legislative addition of S28A
Spouse or civil partner exemption: definition of spouse and civil partner
Clarifies application of the exemption in circumstances where one qualifying relationship ends and another begins.

published amendments

Domicile: election by non-UK domiciled spouse or civil partner: when can an election be made?
Clarifies conditions of IHTA84/S267ZA(3)
Settled property: charges on property held in discretionary trusts
Update reflects addition of S75A, by FA '14

published amendments

Exceptions where no grant needed: National Savings Investments and FOTRA securities
Chapter heading removed
Content Chapter added
Reference duplicated
What happens when someone dies?: contents
New section added detailing an exception for the requirement of a grant for foreign domiciliaries.
Change of Domicile: Deemed Domicile
Correction of a typing error.

published amendments

Settled Property: contents
Page added re withdrawal of ESC F11
New page re withdrawal of ESC F11

published amendments

Annuities: calculations where an annuity is secured on land
Amends chapter heading
Clarifies position where an annuity is secured on land
Settled Property: contents
Provides a section link to the IHTM

published amendments

Annuities: calculations where an annuity is secured on land
Creating links in this new section
creating link
broken link
Broken link
Link update
Link added

published amendments

Foreign property: specific British Government Securities: introduction
created missing links
Exceptions where no grant needed: National Savings Investments and FOTRA securities
section link created
Liability in special cases: liability of purchaser
created chapter links
Pre-owned assets: specific avoidance schemes: land - double trust or home loan scheme: alternative approach
to create section links
Section updated to include guidance note 6 which had been archived but is current advice.

published amendments

Employee benefit trusts: dispositions by close companies: restriction of exemption
update following review
Employee benefit trusts: dispositions by a company: general
update following review
Employee benefit trusts: dispositions by an individual: conditions
update following review
Employee benefit trusts: Inheritance Tax operation: the reliefs given when a trust qualifies under IHTA84/S86
update following review
Employee benefit trusts: conditions for relief: direction to waive dividends
update following section review
Employee benefit trusts: introduction
restore section link
update to include employee ownership trusts

published amendments

Foreign property: valuation of assets: usufruct
Correcting typo
Foreign property: contents
adding menu link
Chapter ref added to menu
Liabilities: investigating liabilities: Canadian income tax
Update of ESC F18

published amendments

Succession: Simultaneous deaths (commorientes): Death of elder
Link to IHTM12101 reinstalled.
Text updated to reflect the effect for IHTA84/ S4(2) of survivorship clauses in Wills.

published amendments

Special trusts: Trusts for bereaved minors
Correction of date in last paragraph from '55 March 2006' to '22 March 2006' and other minor typographical errors.

published amendments

Lifetime transfers: Replacement property (other than shares or securities)
Correction of guidance in penultimate paragraph to correctly reflect legislation in IHTA84/S124B (1)(b).

published amendments

Rates of interest: the higher and lower rates before 16 December 1986
Correcting formatting error in table - show as percentages.
Lifetime transfers: gifts with reservation (GWRs): the reservation: examples of exclusion of the donor
Provides additional clarification of the example.
Settled property exemptions: restrictions when a reversionary interest is acquired
Updates text in line with changes brought about by F(No2)A'87/S96(1)

published amendments

Procedure: identifying the beneficiary
Reference to JNF and page IHTM11131 removed as page no longer exists. Shown as minor change as restricted text so do not highlight on GOV.UK version.

published amendments

Interest in unadministered estates: Valuation aspects
Revision of text following general update.
Interest in unadministered estates and QSR: contents
Title change
Removes duplicated guidance
Removes internal process
Interest in unadministered estates: summary
Revision of text following general update.
Interest in unadministered estates and QSR: introduction
Revision of text as part of general update.

published amendments

Interest in unadministered estates and QSR: contents
Saved as draft
Internal process removed
Restoring links
Restoring links
Restoring broken link
Quick succession relief: when the relief does not apply
Changed font
Revised text as part of general update.
Quick succession relief: when the relief applies
Revised text as part of general update.
Quick succession relief: summary
Revised text as part of general update.
Interest in unadministered estates: payment by instalments
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: Pecuniary legacies
Links added
Interest in unadministered estates: Valuation aspects
Link added
Links added
Interest in unadministered estates: effect on reliefs
Added links
Revision of text as part of general update.

published amendments

Lifetime transfers: specific lifetime reliefs: taper relief: when the relief applies
Link to IHTM43001 removed as not working.
Link to IHTM43001 added.
Link to IHTM43001 added.
Link to IHTM43001 added
Paragraphs added at the end of the page to illustrate the effect of an increase in the IHT nil rate band following a claim for TNRB.

published amendments

Definition and extent of liability (PETs): persons excluded
Link to IHTM30125 added.
Share options: SAYE share option schemes
Change to update correct maximum monthly sum.
Lifetime transfers: specific lifetime reliefs: taper relief: when the relief applies
Link to IHTM43001 added

published amendments

General outline: meaning of ‘charity’ and ‘charitable’
Incorrect reference to HMRC Charities providing a list of approved EU and other charities removed.
Quantifying increase at deceased's estate: PQSR
update of text and example added.
Tax burden on death: received lifetime transfers
General update of text.
Tax burden on death: equal beneficiaries, unequal benefits
An example added to this section.
Tax burden on death: gifts of residue
General update of text
Tax burden on death: legacies bearing their own tax
general update of text
Tax burden on death: gifts free of tax
General update of text
Tax burden on death: summary
general update of text
Quantifying increase to deceased's estate: what values to use
general update of text
Calculating QSR: increase in the deceased's estate
general update of text
Calculating QSR: value of, and tax on, earlier transfer
general update of text
Calculating QSR: the appropriate percentage
Percentage signs added
Calculating QSR: summary and formula
minor text changes as part of general update
Quick succession relief: what the relief does
some text amended as part of general update
Interest in unadministered estates: Pecuniary legacies
Updated section title

published amendments

Quantifying increase at deceased's estate: special provisions for reversions
section links added back
General update of text

published amendments

Settled property: Calculating QSR
Updated example
Settled property: lifetime
Amended typo in sub heading, plus updated text
Interest in unadministered estates and QSR: contents
restored sub-headings in index
Amended sub-heading
Restores sub-heading to index
Settled property: on death
Update of text

published amendments

Quick succession relief: summary
Correcting minor formatting error at bottom of page.

published amendments

Service work: Helpline
Page updated to correct telephone number and internal referral process.

published amendments

Business relief and businesses: Contents
New page added
Links to IHTM25024 archived.
Links to IHTM25023 archived.
Links to IHTM25022
Valuing businesses and partnerships: Business accounts
Clarification of text
Valuing businesses and partnerships: What is a business?
Update of text
Investigation in 100% relief cases: Introduction
Hyperlinks restored
Spacings changed
word spacing changed
Changed spacings
Minor word changes and redacted text now displayed.
Investigating business relief and businesses: Reviewing form IHT413 or D38
Minor word correction
Investigating business relief and businesses: Introduction
expand IHT
Business relief and businesses: Introduction
Corrects a 'typo'

published amendments

Valuing the business: Adjusting the capital account
General update of text
Valuing the business: Investigating the balance sheet
General update of text
Valuing the business: Investigating the profit and loss account
General update of text
Valuing businesses and partnerships: Business terms
Text updated

published amendments

Business relief and businesses: Contents
Links to IHTM25113 archived
Small change to title
Valuing the partnership interest: Income Tax
Small update of text
Valuing the partnership interest: Sales
Small update of text
Valuing the partnership interest: Other assets
Redaction removed
Valuing the partnership interest: Livestock
Some internal process removed
Valuing the partnership interest: Goodwill
Slight clarification provided
Valuing the partnership interest: Milk quotas
additional information
Valuing the partnership interest: Agricultural land owned by deceased and occupied by a partnership
General update
Valuing the partnership interest: Agricultural land tenanted by a partnership
small descriptive change
Valuing the partnership interest: Freehold and leasehold property
General update
General update
Valuing the partnership interest: The balance sheet
Some superfluous text removed
Valuing the partnership interest: Partnership share
Superfluous text removed
Valuing the partnership interest: Introduction
Small typo
What is a partnership: Limited liability partnerships
General update and examples
What is a partnership: Cases where there are no deeds
General update of text
What is a partnership: Investigating partnership deeds
General update of text
What is a partnership: Introduction
Smal change to title
Small typo
General update of text

published amendments

Relevant business property: Woodlands syndicates
General update
Other relevant business property: Partnership interests
Hyperlinks
General update of text.
Settled property used in the life tenant's business: Scope of IHTA84/S105 (1)(e) in practice
General update
Settled property used in the life tenant's business: Property within IHTA84/S105 (1)(e)
General update
Land and buildings, machinery and plant: Machinery or plant
General update of text.
Land and buildings, machinery and plant: Settled property
General update
Land and buildings, machinery and plant: Property used by a partnership
General update.
Land and buildings, machinery and plant: Transferor's interest in the occupying company or partnership
General update and superfluous text removed.
Land and buildings, machinery and plant: Additional user requirement
General update of text
Land and buildings, machinery and plant: Property within IHTA84/S105 (1)(d)
'typo'
Control holdings of quoted shares or securities: Transfers and shares within IHTA84/S105 (1)(cc)
General update of text
Other holdings of unquoted shares: Meaning of unquoted for business relief purposes
Table and footnotes to table removed.
Other holdings of unquoted shares: Rate of relief
General update. Superfluous text removed.
Unquoted securities - control holding: Securities within S105(1)(b)
General update
Business interests: Settled property
General update of text
Business interests: Meaning of “business”
Formatting
Formatting
re-inserted page for formatting reasons.
Amendments made as part of general update.
Business interests: Property consisting of a business or a business interest
Amendments as part of general manual update.
Business interests: Rate of relief
Text removed as part of general update.
Relevant Business Property: Investigating Relevant Business Property
hyperlinks added
Process and table removed.
Business relief: Outline of business relief
Removed reference to section that has been deleted.
General update of manual
Valuing Businesses and Partnerships: Relationship between Business and Agricultural relief
Additional text added.
Minor corrections to type
Valuing Businesses and Partnerships: Partnerships and lifetime transfers
Redaction removed
Valuing Businesses and Partnerships: Instalments
Example contents reproduced without table.
Table removed
Valuing businesses and partnerships: Fetters
Amendments made as part of general update of manual.

published amendments

Investment businesses: Exceptions
Formatting
Formatting
Text amended as part of general update.
Investment businesses: Introduction
General update of text.

published amendments

Foreign property: Double Taxation Conventions: certificate of tax paid: France
Additional links to 13001 added.
Text change to clarify procedure
Foreign property: Double Taxation Conventions: certificate of tax paid: USA
Change of procedure for sending Form 742 to US.
Loss on sale of land: sales excluded from relief: compulsory purchase
Minor change to formatting in penultimate paragraph to make text clearer.

published amendments

Exemptions: contents
IHTM11294 and 11295 added.
IHTM11293 added
IHTM11292 added.
Sub-section renamed.
Change in name of sub-section.
Emergency service personnel responding to emergency circumstances: introduction
Text changed to reflect extension of exemption in Finance Act 2014.
Death of armed forces or emergency service personnel: effect of the exemptions
Text changed to reflect extension to exemption in Finance Act 2014.
Death of armed forces or emergency service personnel: summary
Text changed to reflect extension of exemption in 2014 Finance Act.
Domicile: election by non-UK domiciled spouse or civil partner: introduction
Error in numbering of legislation corrected.
Excepted settlements - introduction
Link amended / corrected
Excepted transfers and terminations - introduction
Duplicated link removed
Link reinstated and corrected

published amendments

Constables and service personnel targeted because of their job: evidence to show exemption is due
Links added.
Text changed to reflect the extension of exemption in Finance Act 2014.
Constables and service personnel targeted because of their job: meaning of constables and service personnel
Link added.
Text changed to reflect extension of exemption in Finance Act 2014.
Constables and service personnel targeted because of their job: summary
Links added.
Text changed to reflect extension of exemption in Finance Act 2014.
Armed forces on active service: Estate Duty exemption and settled property
Links added.
Armed forces on active service: Estate Duty exemption and transferrable nil-rate band
Links added.
Armed forces on active service: extension to the Police Service of Northern Ireland
Links added.
Armed forces on active service: evidence to show exemption is due
Links added.
Armed forces on active service: introduction
Links added.
Text changed to reflect extension of exemption in Finance Act 2014.
Business relief: Investment businesses: Wholly or mainly
change to sub-heading
Business relief and businesses: Contents
Title changed
Emergency service personnel responding to emergency circumstances: evidence to show exemption is due
Link added.
Emergency service personnel responding to emergency circumstances: meaning of responding to emergency circumstances
Link added.
Emergency service personnel responding to emergency circumstances: meaning of emergency circumstances
Link added.
Emergency service personnel responding to emergency circumstances: meaning of emergency responder
Link corrected.
Links added.
Emergency service personnel responding to emergency circumstances: introduction
Links added.
Death of armed forces or emergency service personnel: effect of the exemptions
Links added.
Death of armed forces or emergency service personnel: summary
Links added.
Exemptions: contents
Links to pages IHTM11314, 11321 and 11322 archived.
Sub-section renamed.
New pages added IHTM11303 to 11307.
Sub-section renamed.
Investment businesses: Holding company and LLP examples
Page changed with new content.
Investment businesses: Holding companies
Broken link repaired
Small corrections made and hyperlinks
Page layout
Page layout changed
New page added, and page order changed.
Armed forces on active service: meaning of armed forces
Text changed to reflect extension of exemption in Finance Act 2014.

published amendments

Business relief: Investment businesses: Property consisting of a business
Hyperlink
Section heading changed
Amendments made as part of general update.
Business relief: Investment businesses: Meaning of 'investment'
Hyperlink
Change of section title and text updated
Business relief: Investment businesses: Land as a business asset
Hyperlinks
word spacing
Colour of text
Section title changed and text amended
Business relief: Investment businesses: Lettings of commercial premises
Additions to text including examples and Tribunal cases
Business relief: Investment businesses: Property letting
Section heading changed
Amendments as part of general update.
Business relief and businesses: Contents
New page added

published amendments

The ownership test: Changes in the nature of the business
minor update of text
The ownership test: Meaning of ownership
text updated
Contracts for sale: Shareholdings and partnership interests
Minor updates of text and redacted text deleted
Business relief: Investment businesses: Other lettings
Section name changed and text update
Business relief: Investment businesses:Caravan sites
Section name changed and update of text
Business relief: Investment businesses: Holiday lettings
Section name changed and text updated
Section name changed and text updated
Business relief: Investment businesses: Hotels, Bed and Breakfast, Residential Homes, and other accommodation
Section name changed and text added
Business relief: Investment businesses: Furnished lettings
Section name changed and amendments made as part of general update

published amendments

Business relief and businesses: Contents
Links to IHTM25362 archived
Links to IHTM25332 archived
Links to IHTM25322 archived
Section number changed
Links to IHTM25312 archived
Lifetime transfers - additional conditions: Introduction
Layout
General update
Excepted assets: Part business use of land or buildings
Layout
Layout change
General update
Excepted assets: Assets used for personal benefit
General update
Excepted assets: Future use
General update
Excepted assets: Introduction
Layout change
Page layout changed
Amendments made as part of general update
Assets excluded from relief: Assets not used in the business
Amendments made as part of general update
Assets excluded from relief: Introduction
Page layout adjusted
word change
Successive transfers: Limitation of relief
Amendments part of general update
Successive transfers: Introduction
Additional text added
Successions: Introduction
Reference to chart deleted, and new text added
Business relief: Replacement property: Minority holdings of unquoted shares
amendments made as part of general update
Business relief: Replacement property: Limitation of relief
amended title
Word removed
Business relief: Replacement property: Conditions
Page added
Reference to flow chart removed

published amendments

Household goods and personal goods: types of asset: stamp or coin collections; medals, decorations and awards
Text updated to reflect extension of exclusion for awards in Finance Act 2015.
Decorations, medals and awards
Link added and minor formatting error corrected.
Text changed to reflect extension of excluded property following Finance Act 2015.
Business relief and businesses: Contents
Section heading changed
Gifts with reservation: Replacement property
Text updated
Gifts with reservation: Rate of relief on shares or securities
Text updated
Gifts with reservation: Notional transfer
text updated
Gifts with reservation: Introduction
text updated
Lifetime transfers - additional conditions: Replacement property (additional rule for shares or securities)
Section name changed
Lifetime transfers - additional conditions: Replacement property
Section name changed
Text updated
Lifetime transfers - additional conditions: Failure to satisfy the conditions
Text updated
Lifetime transfers - additional conditions: The transferee
Text updated
Lifetime transfers - additional conditions: Transfers of shares and securities
Text updated and link added
Lifetime transfers - additional conditions: Remaining business property
examples updated
Lifetime transfers - additional conditions: Continuing ownership
Text updated
Lifetime transfers - additional conditions: The two conditions
Additional text added
Business relief: Investment businesses: Holiday lettings
Links restored
Business relief: Investment businesses: Furnished lettings
Link restored
Business relief: Investment businesses: Lettings of commercial premises
links restored
Business relief: Investment businesses: Land as a business asset
links restored
Business relief: Investment businesses: Property consisting of a business
Links
Business relief: Investment businesses: Wholly or mainly
Broken link
Investment businesses: Introduction
Links updated

published amendments

Decorations, medals and awards
Missing word 'to' added in the 7th paragraph.
Valuing businesses and partnerships: liabilities - restricted reductions
Section name update
Business relief: Replacement property: Minority holdings of unquoted shares
Section name update
Business relief: Replacement property: Limitation of relief
Section name update
Business relief: Replacement property: Conditions
Section name update
Business relief: Replacement property: Introduction
Section name update and links
Business relief: Investment businesses: Other lettings
Section name update
Business relief: Investment businesses:Caravan sites
Section name update
Business relief: Investment businesses: Holiday lettings
Section name update
Business relief: Investment businesses: Hotels, Bed and Breakfast, Residential Homes, and other accommodation
Section name update
Business relief: Investment businesses: Furnished lettings
Section name update
Business relief: Investment businesses: Lettings of commercial premises
Section name update
Business relief: Investment businesses: Land as a business asset
Section name update
Business relief: Investment businesses: Meaning of 'investment'
Section name update
Business relief: Investment businesses: Property consisting of a business
Section name update
Business relief: Investment businesses: Property letting
Section name update
Business relief: Investment businesses: Property based businesses
Section name update
Business relief: Investment businesses: Wholly or mainly
Section name update

published amendments

Limitation of liability by lapse of time: time limits for recovery of unpaid tax
2nd bullet point - 'on' changed to 'or' before "the last instalment became due".

published amendments

Definition and extent of liability: personal representatives
Corrected formatting error.
Corrected statutory reference at second bullet and clarified instruction in Scotland sub-section.

published amendments

Structure of the charge: main charging provisions
Link to IHTM04022 added and reference to flowchart removed.
Structure of the charge: how a disposition becomes a chargeable transfer
Link to IHTM04023 added.
Flowchart replaced by step-by-step guide.
Liabilities: restricted deductions: partial repayment of liabilities after death
Link to IHTM28033 added.

published amendments

Stocks and shares: valuation: shares
Link renewed.
Interest in unadministered estates: summary
Links created.

published amendments

Lifetime transfers: the charge to tax: additional charges: introduction
Typo corrected - no space between "not" and "repay".

published amendments

Investment businesses: Holding companies
Another republish to correct formatting error.
Republished again to clarify layout and formatting.
Further change to page layout.
Sentence added to clarify payment of rent by a subsidiary for use of premises does not affect claim for Business Relief. Page layout also changed for clarity.
Other issues: application when the first death occurred under Estate Duty and Capital Transfer Tax
Spelling error in title corrected and erroneous open bracket in text removed.

published amendments

Other issues: application when the first death occurred under Estate Duty and Capital Transfer Tax
Word 'of' in final paragraph deleted.

published amendments

Succession: intestacy: distributions (England & Wales): surviving spouse or civil partner
Link to IHTM12122 re-established.
Link to IHTM12122 re-established.

published amendments

Other domicile issues: Assets settled into trust
Unnecessary duplicate links in second and final paragraphs removed.
Other domicile issues: Lifetime event
Second unnecessary link in penultimate paragraph removed.

published amendments

Investment businesses: Introduction
Link to IHTM25263 corrected.

published amendments

General procedure: incoming post
Link to deleted page removed and reference to 'IHT' in third paragraph expanded to Inheritance Tax.
General procedure: form IHT418
Links to deleted pages removed.
General procedure: form IHT100
Link to deleted page removed.
General procedure: the event forms
Links to deleted pages removed.
General procedure: investigation
Links to deleted pages removed.
IHT accounts: introduction
Links to deleted pages removed.
Investment businesses: Holding companies
Duplicated link to SVM111190 removed.

published amendments

Loss on sale of land: changes in the interest or underlying land: valuation with, and sales without, other land
Sale price in example corrected.
Armed forces on active service: Estate Duty exemption and transferrable nil-rate band
Reference in first paragraph to '100%' removed as TNRB can be due at a lower amount.

2017

published amendments

Gifts to political parties: qualifying political parties
Page updated to include the Ulster Unionist Party.

published amendments

Procedure: newly created charities
Last sentence removed as refers to deleted page. Layout also changed with shorter paragraphs.
Spouse or civil partner exemption: definition of spouse and civil partner
Link to IHTM14191 re-established.
Text updated to reflect current amount of spouse exemption under Section 18 (2) Inheritance Tax Act 1984.

published amendments

Procedures: completed form IHT416 received - investigation issues arising - specific
Text and duplicate links removed.
Procedures: completed form IHT416 received - investigation issues arising - general
Text and broken links removed.

published amendments

Other issues: application when the first death occurred under Estate Duty and Capital Transfer Tax
Note on maximum rate of agricultural/business relief under Capital Transfer Tax added.
Text removed.
Household goods and personal goods: valuation and technical issues: gifts with reservation
Obsolete link changed to IHTM04071.
Household goods and personal goods: types of asset: stamp or coin collections; medals, decorations and awards
Brackets around link removed.

published amendments

Grants on credit: protecting the charge to tax: land charges and notices
Link deleted to previously removed page.
What happens when someone dies?: contents
IHTM05128 and IHTM05129 duplicated on contents page. Duplicate entries removed.
Other issues: application when the first death occurred under Estate Duty and Capital Transfer Tax
Republish.

published amendments

Transfers on death: unquoted shares - £20,000 value and 10% nominal value test
'Either' in italics changed to normal format.
Formatting changed to improve appearance of page.
Grants on credit: undertakings involving land
Incorrect link changed to IHTM05137.
Grants on credit: cases of genuine hardship
"Allowing" changed to "allow".
Typo error corrected.

published amendments

Excluded property: introduction
Obsolete link to IHTM27070 changed to IHTM27071.

published amendments

Assessing: calculations: calculation layout
Sub-heading link removed.
Assessing: COMPASS: other features: closing the record (case status)
Links to obsolete pages removed.
Assessing: calculation principles: reminding for payment of calculations
Typo corrected and obsolete link to IHTM38321 removed.
Assessing: calculation principles: examples of when calculations should not be withdrawn
Obsolete link to page in Chapter 38 removed.

published amendments

Changes after the issue of the clearance certificate: statutory amendments to the estate
Text of page updated.
Changes after the issue of the clearance certificate: form IHT30 was applied for prematurely
Text of page updated.
Changes after the issue of the clearance certificate: sales of unquoted shares
Text of page updated.
Changes after the issue of the clearance certificate: sales of land or buildings
Text of page updated.
Changes after the issue of the clearance certificate: fraud or failure to disclose material facts
Text of page updated.
Changes after the issue of the clearance certificate: additional assets
Text of page updated.
Changes after the issue of the clearance certificate: changes to the value of assets
Text of page updated.
Qualifying the certificate: blocked foreign assets
Text on page updated.
Qualifying the certificate: conditionally exempt property
Text of page updated.
Qualifying the certificate: timber
Text of page updated.
Qualifying the certificate: instalments
Text of page updated.
Conditions to be satisfied before certifying the IHT 30: tax not paid at another title
Text of page updated.
Conditions to be satisfied before certifying the IHT 30: general
Text on page updated.
Section G: signatures of attorneys on form IHT 30
Text of page updated.
Section G: signatures of corporate or public trustees on form IHT 30
Title of page updated.
Section G: checking applicants signatures on form IHT 30
Text of page updated.
Checking form IHT 30: section F
Text of page updated.
Checking form IHT 30: section E
Text of page updated.
Checking form IHT 30: sections A, B, C and D
Text of page updated.
Clearance certificates: contents
Amendments to titles of pages
Sub headings corrected.
Is the application for clearance premature?: full details of the estate not known
Links added.
Text of page updated.
Is the application for clearance premature? : general
Text of page updated.
Procedures for dealing with an application for clearance: is the application in the approved format
Text of page updated.
Procedures for dealing with an application for clearance: is a certificate appropriate?
Text of page updated.
Clearance certificates: what is not covered by a clearance certificate?
Text of page updated.
Clearance certificates: when can an application for clearance be made?
Text of page updated.
Clearance certificates: who is covered by a clearance certificate?
Text of page updated.
Clearance certificates: who can apply for clearance certificates?
Text of page updated.
Clearance certificates: what are clearance certificates?
Text of page updated.
Clearance certificates: summary
Text of page updated.

published amendments

Legal rights (Scotland): valuing legal rights as a debt of the estate
Link to IHTM40120 removed.
Is the application for clearance premature?: full details of the estate not known
Link to IHTM40120 removed.
Clearance certificates: contents
Sub-heading 'Completing the clearance certificate: outstanding penalty issues' and links to IHTM40111, 40112, 40120 and 40148 archived.
Changes after the issue of the clearance certificate: fraud or failure to disclose material facts
Republished to correct formatting errors.
Refresh to correct formatting issues.
Republished to correct formatting errors on internet.
Non-statutory assurances and other types of certificate: certificate of tax paid
Text of page updated.
Non-statutory assurances and other types of certificate: cancelling a charge on property
Text of page updated.
Non-statutory assurances and other types of certificate: non-statutory assurances on taxpaying estates
Text of page updated.

published amendments

Communications: use of interviews
Redacted text amended.
Spouse or civil partner exemption: spouse or civil partner domiciled outside UK
Details added of IHTA84/S18 (2) limits before 9 March 1982.

published amendments

Rules about excepted estates: making a claim to transfer unused nil rate band
Link to IHTM06031 re-activated.
Communications: General enquiries: Advice and information
Text updated to remove out of date reference to 'Code of Practice 10'.
Communications: Use of telephones: telephone calls from
Republish.
Redacted text amended.
Communications: contents
Links to IHTM02142, 02143, 02145 and 02147 archived.
Communications: British Document Exchange: what is British Document Exchange?
Text updated as HMRC Inheritance Tax no longer use the DX service.
Communications: Inter-departmental mail
Text updated.
Communications: Incoming correspondence: letters from HumInts
Redacted text amended.
HumInts - What is a HumInt?
Redacted text amended.
Communications: Incoming correspondence: avoidance of other taxes
Redacted text amended.
Communications: Procedure for disclosure of information: disclosure of information obtained under double taxation agreements
Redacted text removed.

published amendments

Non- Land valuation cases: unlisted share valuation cases
Redundant link to IHTM18247 deleted.
Considering a NOD: your objective
Spelling mistake in short title for contents page corrected.
Considering a NOD: when is it appropriate?
Redundant link deleted.
Notices of Determination: introduction
Instruction on tax NODs updated.

published amendments

Loss on sale of shares: background
Typographical errors corrected.
Procedures for dealing with an application for clearance: is the application in the approved format
Link to Inheritance Tax forms page of GOV.UK website added.
Enquiries: referrals to specialists
Redundant link deleted.
Enquiries: what does not constitute an enquiry?
Links in page updated.
Enquiries: what constitutes an enquiry?
Links in page updated.

published amendments

Communications: The general rule on disclosure and its operation: Who is entitled to disclosure?
Links updated.

published amendments

Share options: SAYE share option schemes
Additional guidance added to help investigators decide whether to accept or query values returned.
Share options: pure share option schemes
Additional guidance added to help investigators decide when to accept or query values returned.
Share options: what are share options?
Text clarified.

published amendments

Clearance certificates: summary
Formatting of sub-heading changed.
What is a partnership: Limited liability partnerships
Minor formatting change.
Business relief: Investment businesses: Land as a business asset
Minor formatting change.

published amendments

Clearance certificates: summary
Formatting of text updated.

published amendments

Structure of the charge: how a disposition becomes a chargeable transfer
Formatting of step 1 changed.
Format of sub-headings changed to improve appearance of page.

published amendments

Business relief: Investment businesses: Property consisting of a business
Minor formatting change.
Investment businesses: Exceptions
Minor formatting changes.
Investment businesses: Introduction
Minor formatting change.
Other relevant business property: Partnership interests
Minor formatting changes.
Valuing Businesses and Partnerships: Partnerships and lifetime transfers
Minor formatting changes.
Valuing the partnership interest: Freehold and leasehold property
Minor formatting change.
Investigation in 100% relief cases: Introduction
Minor formatting changes.
Investigating business relief and businesses: Reviewing form IHT413 or D38
Formatting of sub-headings changed.
Empty lines above bullet points removed.
Investigating business relief and businesses: Introduction
Blank lines above bullet points removed.
The ownership test: Meaning of ownership
Link to IHTM16060 re-established and spaces above bullet points removed.
Business relief: Replacement property: Minority holdings of unquoted shares
Minor formatting chamge.

published amendments

Property at more than one title: introduction
Formatting error in first paragraph corrected.

published amendments

Remission of interest: procedure in delay cases
Redundant links deleted.

published amendments

Is an account required?: initial steps following a death (Scotland)
Helpline number has changed
Is an account required? - initial steps following a death (England, Wales and Northern Ireland)
Helpline number changed
Particular aspects that may arise in connection with obtaining a grant: personal applications
Helpline number has changed

published amendments

Calculating QSR: summary and formula
Formatting changes made to improve appearance of page.
Interest in unadministered estates: Valuation aspects
Minor formatting change to first sub-heading.
Quantifying increase at deceased's estate: PQSR
Republished to correct formatting errors.

published amendments

Business relief: Investment businesses: Wholly or mainly
Minor formatting change.

published amendments

Woodlands: Summary
Republished to correct formatting error.

published amendments

Basic Principles: Introduction: General Overview
link
More detailed guidance: Direct descendants
bullet removed
Calculating the RNRB: When is RNRB due?
Link restored

published amendments

Transfer of unused RNRB: The brought-forward allowance: Method of calculation
Formatting of example
spacing
Lifetime transfers: specific lifetime reliefs: double charges relief: when double charges arise
Typo corrected.
Basic Principles: How the RNRB is applied.
Adding text
Formatting
Spacing adjusted
Applying the RNRB to the estate: Examples
Formatting
To improve configuration of the examples
More detailed guidance: Direct descendants
spacing
spacing
More detailed guidance: Dwelling-house
spacing
Calculating the RNRB: Calculating the Default Allowance and the Adjusted Allowance
spacing
Calculating the RNRB: When is RNRB due?
spacing
Basic Definitions: ‘Closely Inherited’
spacing
Spacing
Basic Definitions: The value of the estate ‘E’ and the value transferred on death ‘VT’
Spacing
Basic Definitions
Spacing
Basic Principles: Introduction: Phasing-in RNRB
Spacing adjusted
Basic Principles: Introduction: General Overview
Spacing adjusted

published amendments

Pensions: contents
IHP changed to IHT on page 17352
Woodlands: Summary
Republished to correct formatting error.
Republished to correct formatting error.
Lifetime transfers: introduction to gifts with reservation of benefit
Link corrected from IHTM04036 to IHTM04026.
Republished to correct formatting errors.
Basic Principles: Introduction: General Overview
Updated hyperlink

published amendments

Woodlands: Summary
Amendment to improve formatting.

published amendments

Domicile: election by non-UK domiciled spouse or civil partner: who can make an election?
Short title corrected - 'cam' changed to 'can'.
Step 3 - interaction: outline of the interaction procedure
Layout changed to improve formatting.
Calculating the chargeable estate: special rule concerning spouse or civil partner exemption
Value for limitation of spouse and civil partner exemption removed.
Lifetime transfers: specific lifetime reliefs: disallowed debts: when double charges relief arises
Space removed to improve format.
Updating bullet points to be in line.

published amendments

Downsizing Calculations: General
links amended
links amended

published amendments

Calculating the RNRB: Introduction
Restoring broken links

published amendments

Downsizing: General principles
erroneous link removed.

published amendments

Communications: Outgoing correspondence: names and addresses of correspondents
Reference to 'DX' removed as service no longer used.

published amendments

Basic Principles: How the RNRB is applied.
Blank lines removed.
Applying the RNRB to the estate: Examples
Blank lines removed.
Downsizing Calculations: Where there is no residential property interest in the estate: How to calculate the lost relievable amount
Blank lines removed.
Downsizing Calculations: Where there is no residential property interest in the estate: Conditions
Blank lines removed.
Downsizing Calculations: Where there is a qualifying residential interest in the estate: How to calculate the lost relievable amount
Blank lines removed.
Downsizing: Disposals: Qualifying former residential interest: Interest in possession trust
Blank lines removed.
Transfer of unused RNRB: The brought-forward allowance: Method of calculation
Blank lines removed.
Transfer of unused RNRB: The ‘brought-forward’ allowance
Blank lines removed.
More detailed guidance: Direct descendants
Blank lines removed.
More detailed guidance: Inherited
Blank lines removed.
More detailed guidance: Dwelling-house
Blank lines removed.
Calculating the RNRB: Calculating the Default Allowance and the Adjusted Allowance
Blank lines removed.
Calculating the RNRB: Terms used: Residential enhancement
Blank lines removed.
Calculating the RNRB: When is RNRB due?
Blank lines removed.
Basic Definitions: The value of the estate ‘E’ and the value transferred on death ‘VT’
Blank lines removed.
Basic Definitions
Blank line removed.
Basic Principles: Introduction: Phasing-in RNRB
Blank lines removed and link activated.
Basic Principles: Introduction: General Overview
Blank lines removed.
Basic Definitions: ‘Inherited’
Blank line removed.
Basic Definitions: ‘Closely Inherited’
Minor formatting change to remove blank lines.
Business relief and businesses: Contents
Title corrected. Reference to 'Section 25 public' removed.

published amendments

Limited grants: section 113 and 116 Senior Court Act 1981 (SCA81)
Redundant link to old page 05143 removed.
Lifetime transfers - additional conditions: Introduction
Blank lines removed to improve formatting.

published amendments

Domicile: calculation where the domicile of the survivor at the first death is outside the UK
Bold text removed to improve formatting.
Italics removed.
Text in first paragraph clarified as relevant date refers to all transfers made before or after this date, not just transfers on death.
Page updated to reflect changes in limits to spouse exemption under section 18(2) Inheritance Tax Act 1984 following Finance Act 2013.

published amendments

Pre-owned assets: specific avoidance schemes: land - debt & charge scheme
Typographical error in first sentence removed.

published amendments

Basic Principles: How the RNRB is applied.
Small typographical error corrected

published amendments

The settlement: initial IIP of settlor or spouse
Correction of typo error - space added between 'in' and 'it'.

published amendments

Domicile: election by non-UK domiciled spouse or civil partner: how to make an election
Address for elections updated.

published amendments

Valuing businesses and partnerships: What is a business?
Link to SVM111110 added.
Investigation in 100% relief cases: Introduction
Minor format change to first paragraph - bullet points removed.
Successions: Introduction
Small change to formatting - blank lines removed.

published amendments

Definition and extent of liability (settled property): trustees
Republished to attempt to correct formatting issues on GOV.UK.

published amendments

Interest in unadministered estates: payment by instalments
Minor typographical error in second paragraph corrected.

published amendments

The District Valuer: VOA interim report
Redundant links to same page (IHTM24164) deleted.

published amendments

Valuing businesses and partnerships: liabilities - restricted reductions
Link recreated to IHTM28020.
The settlor: PETs
Small change to format to improve appearance of page on internet.