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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 settlement cases
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: 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: introduction
Spacing
Basic Principles: phasing-in RNRB
Spacing adjusted
Basic Principles: 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: 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

Page now moved to IHTM46060
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 a qualifying residential interest in the estate: how to calculate the lost relievable amount
Blank lines removed.
Downsizing Calculations: where there is a qualifying residential interest in the estate: conditions
Blank lines removed.
Downsizing Calculations: overview
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: introduction
Blank line removed.
Basic Principles: phasing-in RNRB
Blank lines removed and link activated.
Basic Principles: 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

The rate of relief: Transitional provisions for relief (working farmers’ relief) at the higher rate for let land
Formatting change in final paragraph to improve appearance.
The settlor: PETs
Formatting change to improve appearance of page on internet.
Small change to format to improve appearance of page on internet.
Valuing businesses and partnerships: liabilities - restricted reductions
Link recreated to IHTM28020.

published amendments

Interest in unadministered estates: payment by instalments
Link created to IHTM30212.
Lifetime transfers - additional conditions: Transfers of shares and securities
Minor formatting change.
Lifetime transfers - additional conditions: Remaining business property
Minor formatting change.

published amendments

Reports to Tax Administration, Litigation and Advice (TALA): form of report
Old name: Tax Administration Advice (TAA) changed to new name: Tax Administration, Litigation and Advice (TALA).
Reports to Tax Administration, Litigation and Advice (TALA)
Old name: Tax Administration Advice (TAA) changed to new name: Tax Administration, Litigation and Advice (TALA).
Letters of Offer: instalment offers (general)
Old name: Tax Administration Advice (TAA) updated to new name: Tax Advice, Litigation and Advice (TALA)
Letters of offer: signature
Old name: Tax Administration Advice (TAA) changed to new name Tax Administration, Litigation and Advice (TALA).
Letters of offer: date of payment
Old name: Tax Administration Advice (TAA) updated to new name: Tax Administration, Litigation and Advice (TALA.
Letters of offer: taxpayer’s default
Old name: Tax Administration Advice (TAA) updated to new name: Tax Administration, Litigation and Advice (TALA)
Letters of offer: drafting the letter (general)
Old name: Tax Administration Advice (TAA) updated to new name: Tax Administration, Litigation and Advice (TALA).
Settling the penalty: letter of acceptance
Old name: Tax Administration Advice updated to new name: Tax Administration, Litigation and Advice (TALA).
Settling the penalty: delay in accepting offer
Old name: Tax Administration Advice (TAA) updated to new name: Tax Administration, Litigation and Advice (TALA).
Settling the penalty: correcting errors in the offer
Old name: Tax Administration Advice (TAA) updated to new name: Tax Administration, Litigation and Advice (TALA).
Settling the penalty: checking the completed offer
Old name: Tax Administration Advice (TAA) changed to new name: Tax Administration, Litigation and Advice (TALA).
Instalment offers: early settlement
Old name: Tax Administration Advice (TAA) changed to new name: Tax Administration, Litigation and Advice (TALA).
Instalment offers: payments exceeding 2 years
Old name: Tax Administration Advice (TAA) changed to new name: Tax Administration, Litigation and Advice.
Calculating the penalty: normal penalty loadings impracticable
Changed "Team Space" back to "None".
Old name: Tax Administration Advice changed to new name: Tax Administration, Litigation Advice (TALA).
Investigating incorrect accounts, information or documents: noting up penalty time limits
"Team Space" changed back to "none".
Old Name: Tax Administration Advice (TAA) changed to Tax Administration, Litigation Advice (TALA).
Old name: Tax Administration Advice changed to new name: Tax Administration, Litigation and Advice
Taxpayer does not make the expected offer: culpability disputed
Old name: Tax Administration Advice (TAA) changed to new name: Tax Administration, Litigation and Advice (TALA).

published amendments

Calculating the penalty: normal penalty loadings impracticable
Typographical errors in page corrected.
Reports to Tax Administration, Litigation and Advice (TALA): form of report
Minor change to text.
Reports to Tax Administration, Litigation and Advice (TALA)
Change to correct title on contents page.

published amendments

Penalties: contents
Tax Administration Advice changed to Tax Administration, Litigation and Advice
Lifetime transfers - additional conditions: Introduction
Republished to improve formatting.
Transfers on death: land
Minor change to improver formatting.
Minor change to improve formatting.

published amendments

Stocks and shares: contents
Links to IHTM18096, 18305,18306, 18312, 18313, 18336, 18337, 18338, 18339, 18340 and 18341 archived.
Stocks and shares: valuation: basis of valuation
Updated Text
Stocks and shares: listed stocks, shares and investments: introduction
Text updated
Stocks and shares: investigating forms IHT411 and IHT412: introduction to the forms
Text updated following chapter re-publish
Stocks and shares: introduction
Text updated following republish of chapter.

published amendments

Stocks and shares: valuation: ISAs
Updating hyperlink.
Hyperlink not working- changed link.
Hyperlink not working- changed to work.
Text updated following chapter re-publish.
Stocks and shares: investments on alternative markets: instalments
Text updated following chapter re-publish.
Stocks and shares: investments on alternative markets: business relief
Text updated following chapter re-publish.
Stocks and shares: investments on alternative markets: the alternative markets
Text updated following chapter re-publish.
Stocks and shares: Share Option Schemes: what is a Share Option Scheme?
Text updated following chapter re-publish
Stocks and shares: BES/EIS/VCT/EZ/Property Enterprise Trust: identifying investments in the schemes
Text updated following chapter re-publish.
Stocks and shares: BES/EIS/VCT/EZ/Property Enterprise Trust: introduction
Text updated following chapter re-publish.
Stocks and shares: unlisted shares: unlisted securities
Text updated following chapter re-publish.
Stocks and shares: unlisted shares: what are unlisted shares?
Text updated following chapter republished.
Stocks and shares: listed stocks, shares and investments: other issues: dividends
Text updated following chapter re-publish.
Stocks and shares: valuation: rights issues
Text updated following chapter re-publish
Stocks and shares: valuation: capitalisation issues
Text updated following chapter re-publish.
Stocks and shares: valuation: additional quotation markings
Text updated following chapter re-publish
Text updated following chapter re-publish.
Stocks and shares: valuation: unit trusts
Text updated following chapter re-publish.
Stocks and shares: valuation: UK government securities and municipal securities
Hyperlink did not work - updated.
Text updated following chapter re-publish.
Stocks and shares: valuation: shares
Text updated following chapter re-publish .
Stocks and shares: valuation: Stock Exchange Listings
Text updated following chapter re-publish.

published amendments

Stocks and shares: listed stocks, shares and investments: introduction
Link to STSM123060 added.
Stocks and shares: valuation: Stock Exchange Listings
Title of page corrected
Excepted assets: Introduction
Page republished to improve formatting.
Stocks and shares: valuation: ISAs
Text of page updated following chapter re-publish.

published amendments

Raising enquiries
Text and title updated following chapter re-publish.
Raising enquiries: purpose and aims
Text updated following chapter re-publish.
Raising enquiries: when to make your initial enquiries
Text updated following chapter re-publish.
Investigating accounts: failure to reach an agreement with taxpayers
Text updated following chapter re-publish.
Investigating accounts: meetings with taxpayers
Text updated following chapter re-publish.
Investigating accounts and principles of valuation: contents
Links to IHTM09060 archived.
Investigating accounts: exempt or partly exempt estates
Text updated following chapter re-publish.
Investigating accounts: estimated values
Text updated following chapter re-publish.
Investigating accounts: best practice
Text updated following chapter re-publish.
Investigating accounts: general approach
Text updated following chapter re-publish.
Investigating accounts: purpose
Text updated following chapter re-publish.
Investigating accounts and principles of valuation: summary
Text updated following chapter re-publish.
The ownership test: Meaning of ownership
Blank lin ein page removed.
The ownership test: Introduction
Spaces added where two words running into each other.

published amendments

Investigating accounts and principles of valuation: contents
Link to IHTM09101 added in error.
Links to IHTM09095
Added IHTM09101 as per chapter update.
Investigating no-grant cases: initial research and information gathering
Reference to deleted page removed.
Updating hyperlink.
Text updated following chapter re-publish.
Ascertained values: when is a value `ascertained`?
Text updated following chapter re-publish.
Avoidance: introduction
Text updated following chapter re-publish.
Investigating no-grant cases: what to do when you receive an account
Text updated following chapter re-publish.
Investigating accounts: failure to comply with request to deliver an account
Text updated following chapter re-publish.
Investigating no-grant cases: accountable persons not identified
Updating Hyperlink.
Text updated following chapter re-publish.
Investigating no-grant cases: introduction
Amending hyperlinks.
Text updated following chapter re-publish.
Negotiating a settlement: when to consider negotiation
Text updated following chapter re-publish.

published amendments

Downsizing: the property disposed of
Links to IHTM46023 and IHTM46058 re-established.
Calculating the RNRB: terms used: the 'adjusted allowance'
Link to IHTM46023 re-established.
Calculating the RNRB: terms used: the 'default allowance'
Link to IHTM46040 re-established.

published amendments

Downsizing: Disposals: qualifying former residential interest: disposal under contract
Some clarification around 'completion of contract'
Downsizing: the property disposed of
Broken link amended

published amendments

Downsizing: the closely inherited property
Links to IHTM46023, 46053 and 46059 re-established.
Downsizing Calculations: where there is a qualifying residential interest in the estate: conditions
Link to IHTM46061 changed to IHTM46062.

published amendments

Other issues: Valuing milk quotas
Text updated as Milk Quota system ended.
Other issues: Milk quotas
Wording updated to reflect ending of Milk Quota system in 2015.
Investigating accounts and principles of valuation: contents
IHTM09331 required a change of heading following chapter re-publish.
Added title to contents page as per manual update.
Taxpayer and Third Party (Information) Notices
Taken underline out of first link.
Text and Heading updated following chapter re-publish.

published amendments

Agricultural property: Farm cottages
Missing "if" added.
Re-ordering of page to improve formatting.
Other issues: Sugar Beet Quotas
Sentence added to note end of Sugar Beet Quota.
Other issues: Single payment scheme
Paragraph added to note replacement of Single Payment Scheme by Basic Payment Scheme.
Agricultural purposes: Introduction
Redundant links deleted.

published amendments

Overview of agricultural relief: Reviewing the information
Text updated and redacted text removed.
Lifetime transfers: The transferee
Formatting changed to improve appearance of text.
Gifts with reservation of benefit: Interaction with business relief for shares and securities
Redundant link removed.

published amendments

Assets excluded from relief: Introduction
Formatting changes made to improve page appearance.
Successive transfers: Introduction
Blank lines removed to improve appearance.
Successive transfers: Limitation of relief
Formatting changes made to improve appearance.
Successions: Introduction
Blank lines and numbering removed to improve formatting.
The ownership test: Introduction
Blank lines removed.
Contracts for sale: Introduction
Erroneous open bracket removed.
Blank lines removed to improve appearance.
Business relief: Investment businesses: Land as a business asset
Link to IHTM25279 activated.
Business relief: Investment businesses: Lettings of commercial premises
Italics removed from sub-heading.
Other holdings of unquoted shares: Meaning of unquoted for business relief purposes
Page re-published to improve formatting.
Valuing businesses and partnerships: Business terms
Blank lines removed and italics removed from sub-headings.
What is a partnership: Introduction
Italics removed from sub-headings.
Excepted assets: Part business use of land or buildings
Blank lines removed to improve appearance of page.
Lifetime transfers - additional conditions: Failure to satisfy the conditions
Small typo (word 'of') corrected.
Formatting changed to improve appearance.
Gifts with reservation: Introduction
Blank line deleted to improve appearance of page.

published amendments

Third Party Information and the Data Protection Act 1998: main provisions of the Data Protection Act 1998
Comment options closed.
Third party information and the Data Protection Act 1998: information you can ask for without falling foul of the non-disclosure provisions
Link to IHTM09392 activated.
Business relief: Outline of business relief
Bullet points added to improve formatting.

published amendments

Published guidelines: notice of election must be given where instrument executed before 1 August 2002
Text updated following chapter re-publish.
Published guidelines: examples where the destination of property must be varied
Text updated following chapter republish.
Published guidelines: introduction
Amending hyperlink.
Text updated following chapter re-publish.
Instruments of Variation: time limits
Amending hyperlink
Text updated following chapter re-publish.
Instruments of Variation: introduction
Text updated following chapter re-publish.
Alterations to the devolution of an estate: provisions which relate to changes in the devolution of an estate
Amending hyperlink.
Updating Hyperlink.
Text updated following chapter re-publish.
Alterations to the devolution of an estate: introduction
Text updated following chapter re-publish.

published amendments

Who should make the instrument?: dead beneficiaries
Text updated following chapter re-publish.
Who should make the instrument? : introduction
Text updated following chapter re-publish.
Form IOV1: when a variation can be made
Text updated following chapter re-publish.
Form IOV1: introduction
Amending hyperlinks.
Correcting underlining in text.
Text updated following chapter re-publish.
Published guidelines: Calculation of additional tax and form IOV2
Text updated following chapter re-publish.
Published guidelines: Statement of Intent must be included where instrument executed on or after 1 August 2002
Page republished as part of chapter 35 re-publish.

published amendments

Investigation in 100% relief cases: Introduction
Link to IHTM09241 activated and duplicate link to IHTM25081 deleted.
Property redirected to the spouse or civil partner: redirection of excluded property
Text updated following chapter re-publish.
Property redirected to the spouse or civil partner: gifts back to original beneficiaries
Text updated following chapter re-publish.
Property redirected to the spouse or civil partner: variations and joint property
Text updated following chapter re-publish.
Property redirected to the spouse or civil partner: introduction
Text updated following chapter re-publish.
How many variations can be attempted?: rectification of errors
Text updated following chapter re-publish.
How many variations can be attempted?: link between s.142 and s.144
Text updated following chapter re-publish.
How many variations can be attempted?: special power of appointment, power of enlargement or advancement
Text updated following chapter re-publish.
How many variations can be attempted?: variations affecting the different items of property
Text updated following chapter re-publish.
How many variations can be attempted?: second variation affecting the same property
Updated structure of text alignment.
Text updated following chapter re-publish.
How many variations can be attempted?: introduction
Text updated following chapter re-publish.
Meaning of estate for s.142: partnerships
Text updated following chapter-republish.
Meaning of estate for s.142: settled property
Text updated following chapter re-publish.
Meaning of estate for s.142: introduction
Amended hyperlinks.
Text updated following chapter re-publish.
Has Stamp Duty exemption been claimed?
Text updated following chapter re-publish.
Has a statement of intent been included?
Text updated following chapter re-publish.
Alterations to the devolution of an estate: contents
Links to IHTM35057 archived.
Links to IHTM35055 archived.
Has an election been made?: the six month time limit
Text updated following chapter re-publish.
Has an election been made?: persons making the instrument
Text updated following chapter re-publish.
Has an election been made?: form of an election
Text updated following chapter re-publish.
Has an election been made?: requirements for a valid election
Text updated following chapter re-publish.
Has an election been made?: introduction
Text updated following chapter-republish.
Who should make the instrument?: women past the age of child-bearing
Text updated following chapter re-publish.
Who should make the instrument?: examples where the interests of persons not party to the instrument are affected
Text updated following chapter re-publish.
Who should make the instrument?: interests of persons not party to the instrument (Scotland)
Text updated following chapter re-publish.
Who should make the instrument?: interests of persons not party to the instrument (England, Wales and Northern Ireland)
Text updated following chapter re-publish.
Who should make the instrument?: limited interests
Text updated following chapter re-publish.
Who should make the instruments?: income between two deaths
Text updated following chapter re-publish.
Form IOV1: introduction
Amended hyperlink.
Amended hyperlink.

published amendments

Procedure on completing form IOV1
Text updated following chapter re-publish.
Trust created by a variation: distribution before the end of the short term interest
Text updated following chapter re-publish.
Trust created by a variation: short term interests disregarded
Text updated following chapter re-publish.
Trust created by a variation: procedure when a trust is created
Text updated following chapter re-publish.
Trust created by a variation: introduction
Text updated following chapter re-publish.
Property redirected to a charity: requirement to notify IoV to charity
Text updated following chapter re-publish.
Property redirected to a charity: redirection to a charity by a non-qualifying body
Text updated following chapter re-publish.
Property redirected to a charity: Gift Aid relief
Text updated following chapter re-publish.
Amended hyperlink.
Text updated following chapter re-publish.
Property redirected to a charity: redirection to a charity by an individual
Amended hyperlink.
Text updated following chapter re-publish.
Does the variation affect another estate?
Text updated following chapter re-publish.
Consideration brought in from outside the estate
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Property redirected to the spouse or civil partner: limited interest slightly longer than two years
Text updated following chapter re-publish.

published amendments

Orders under the Inheritance (Provision for Family and Dependants Act) 1975: orders under s.10 I(PFD)A 1975
Text updated following chapter re-publish.
Orders under the Inheritance (Provision for Family and Dependants Act) 1975: orders under ss. 8 & 9 I(PFD)A 1975
Amended hyperlink.
Text updated following chapter re-publish.
Orders under the Inheritance (Provision for Family and Dependants Act) 1975: orders under s.2
Text updated following chapter re-publish.
Orders under the Inheritance (Provision for Family and Dependants Act) 1975: introduction
Text updated following chapter re-publish.
Surviving spouse or civil partner elects to take a lump sum on intestacy (England and Wales)
Text updated following chapter re-publish.
Distribution from a relevant property trust settled by Will: what you should do if you receive a deed of appointment
Amending short title / title as per chapter re-publish.
Text updated following chapter re-publish.
Distribution from a relevant property trust settled by Will: when s.144 applies
amending short title as per chapter re-publish.
Text updated following chapter re-publish.
Distribution from a relevant property trust settled by Will: IHT implications
Amended hyperlink.
Text updated following chapter re-publish.
Distribution from a relevant property trust settled by will: introduction
Text updated following chapter re-publish.
Compliance with a testator's request: transfers of land and to charity
Text updated following chapter re-publish.
Compliance with a testator's request: what you should do if you are notified of a transfer
Text updated following chapter re-publish.
Compliance with a testator's request: introduction
Text updated following chapter re-publish.
Disclaimers: class-closing rules
Text updated following chapter re-publish.
Disclaimers: interests in settled property
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Disclaimers: dead beneficiaries
Text updated following chapter re-publish.
Disclaimers: what you should do when you receive a disclaimer
Text updated following chapter re-publish.
Disclaimers: IHT requirements
Text updated following chapter re-publish.
Disclaimers: introduction
Text updated following chapter re-publish.
IHT implications of an Instrument of Variation: increased tax as result of instrument executed on or after 1 August 2002
Text updated following chapter re-publish.
IHT implications of an Instrument of Variation: excepted estates
Text updated following chapter re-publish.
IHT implications of an Instrument of Variation: effect of not coming within s.142
Hyperlink amended.
Text updated following chapter re-publish.
IHT implications of an Instrument of Variation: increased tax as result of instrument executed before 1 August 2002
Text updated following chapter re-publish.
IHT implications of an Instrument of Variation: increased exemption
Text updated following chapter re-publish.
IHT implications of an Instrument of Variation: effect of coming within s.142
Amending hyperlink.
Text updated following chapter re-publish.

published amendments

Pre-owned Assets
New section on unwinding of home loan and double trust scheme added.
the Inheritance (Provision for Family and Dependants Act) 1975: net estate for I(PFD)A 1975 purposes
Amended hyperlink.
Text updated following chapter re-publish.
Pre-owned assets: unwinding of home loan or double trust scheme: joint settlor schemes - loan valued at less than open market value of the property on the death of the first settlor
Link to IHTM11031 added.
the Inheritance (Provision for Family and Dependants Act) 1975: orders the Court can make
Hyperlink amended.
Text updated following chapter re-publish.
the Inheritance (Provision for Family and Dependants Act) 1975: persons who may apply
Text updated following chapter re-publish.
Provisions relating to Legitim: example of the consequences of an election under s.147(4)
Text updated following chapter re-publish.
Provisions relating to Legitim: IHT consequences of an election under s.147(4)
Amended hyperlink.
Text updated following chapter re-publish.
Provisions relating to Legitim: writing to those entitled to claim legitim
Text updated following chapter re-publish.
Provisions relating to Legitim: action on receipt of an election
Text updated following chapter re-publish.
Provisions relating to Legitim: notice of election
Amended hyperlink.
Text updated following chapter re-publish.
Provisions relating to Legitim: what is an appropriate case?
Text updated following chapter re-publish.
Provisions relating to Legitim: alternative to the basic rule
Text updated following chapter re-publish.
Provisions relating to Legitim: the basic rule in s.147
Text updated following chapter re-publish.
Legitim: introduction
Text updated following chapter re-publish.
Orders under the Inheritance (Provision for Family and Dependants Act) 1975: settled property
Text updated following chapter re-publish.
Orders under the Inheritance (Provision for Family and Dependants Act) 1975: claims settled without a Court Order
Text updated following chapter re-publish.
Orders under the Inheritance (Provision for Family and Dependants Act) 1975: orders staying or dismissing proceedings
Text updated following chapter re-publish.
Orders under the Inheritance (Provision for Family and Dependants Act) 1975: example of an order under s.10
Text updated following chapter re-publish.

published amendments

Pre-owned assets: specific avoidance schemes: land - home loan or double trust scheme
Sentence added at the end of the page with a link to HMRC's new guidance on the unwinding of home loan or double trust schemes.

published amendments

Pre-owned assets: unwinding of home loan or double trust scheme: pre-owned asset charge
Republished to link section pages on GOV.UK.
Pre-owned assets: unwinding of home loan or double trust scheme: tracing
Republished to link section pages on GOV.UK.
Pre-owned assets: unwinding of home loan or double trust scheme: residence nil rate band
Republished to link section pages on GOV.UK.
Pre-owned assets: unwinding of home loan or double trust scheme: payment of Inheritance Tax
Republished to link section pages on GOV.UK.
Pre-owned assets: unwinding of home loan or double trust scheme: downsizing - loan valued at less than the open market value of the property on the death of the first settlor
Republished to link section pages on GOV.UK.
Pre-owned assets: unwinding of home loan or double trust scheme: downsizing
Republished to link section pages on GOV.UK.
Pre-owned assets: unwinding of home loan or double trust scheme: joint settlor schemes unwound after first death
Republished to link section pages on GOV.UK.
Pre-owned assets: unwinding of home loan or double trust scheme: joint settlor schemes - loan valued at less than open market value of the property on the death of the first settlor
Republished to link section pages on GOV.UK.
Pre-owned assets: unwinding of home loan or double trust scheme: background
Republished to link section pages on GOV.UK.

published amendments

Procedures: types of debt reported on form IHT416
Obsolete link to IHTM18271 deleted.
Life Policies: investigating form IHT410: if the answer to Question 12 is Yes
Obsolete link to deleted page IHTM14021 removed.
How Inheritance Tax is charged: history
Page re-published to correct formatting errors.

published amendments

Orders under the Inheritance (Provision for Family and Dependants Act) 1975: orders under ss. 8 & 9 I(PFD)A 1975
Link to IHTM11032 removed.
Orders under the Inheritance (Provision for Family and Dependants Act) 1975: orders under s.2
Italicised text changed to normal appearance.
IHT implications of an Instrument of Variation: increased exemption
Bullet points removed to improve formatting.
How many variations can be attempted?: second variation affecting the same property
Some bullet points removed to improve formatting of text.
Meaning of estate for s.142: partnerships
Some bullet points removed to improve appearance of text.
Meaning of estate for s.142: introduction
Some bullet points removed to improve formatting.
Who should make the instrument?: examples where the interests of persons not party to the instrument are affected
2nd bullet in final set of bullet points: S changed to Stuart in accordance with rest of page.
Who should make the instrument?: limited interests
Additional comma and space between sentences removed to improve appearance of text.

published amendments

Distribution from a relevant property trust settled by Will: when s.144 applies
Spelling mistake corrected - occured changed to occurred.
Some bullet points removed to improve formatting of text.

published amendments

Basic Principles: general overview
Broken link
link added
added extra text for charitable gifting reduced rate.
Reduced rate for gifts to charity: calculating the baseline amount: introduction
changes accepted
Updates for RNRB
links added
Added text to show that RNRB does not impact the calculation of the baseline amount.
Distribution from a relevant property trust settled by will: introduction
Title of page changed from 'set up by will' to 'settled by will' to match titles of other pages in this sub-section of chapter 35 of the IHTM.

published amendments

Household goods and personal goods: valuation and technical issues: how we value household goods
Text updated and redacted text removed.
Household goods and personal goods: types of asset: paintings
Text updated and redacted text removed.
Household goods and personal goods: types of asset: aircraft, boats, ships and mobile homes
Text updated and redacted text removed.

published amendments

Basic principles: what equivalent arrangements to civil partnerships are recognised in the UK?
Text updated following chapter re-publish.
Basic principles: what constitutes a valid marriage?
Text updated following chapter re-publish.
Basic principles: focus is on the extent to which the nil rate band is unused
Text updated following chapter re-publish.
Basic principles: introduction
Text updated following chapter re-publish.

published amendments

Transferable nil-rate band: - contents
Updated title for IHTM43012 following chapter re-publish.
Updated Title for IHTM43011 as per chapter re-publish.
Dealing with a claim: action in Risk: first death on or after 9 October 2007
Text and Title updated following chapter re-publish.
Dealing with a claim: action in Risk: first death before 9 October 2007
Text and Title updated following chapter re-publish.
Dealing with a claim: reviewing form IHT402 and form IHT216
Text updated following chapter re-publish.
Claims and time limits: late claims
Text updated following chapter re-publish.
Claims and time limits: claims by people other than the personal representatives
Text updated following chapter re-publish.
Claims and time limits: time limits
Amended hyperlinks for IHTM43009 and IHTM43008.
Text updated following chapter re-publish.
Claims and time limits: how to make a claim
Text updated following chapter re-publish.

published amendments

Estate Duty surviving spouse exemption: part of fund not dutiable on the first death
Formatting amended to improve appearance on GOV.UK.
Formatting amended to improve appearance on GOV.UK.
Estate Duty surviving spouse exemption: introduction
Space added between words 'any' and 'time'.
Formatting amended to improve appearance on GOV.UK.
Investigating the deceased’s personal details : power of attorney (box 16)
Erroneous closed bracket at end of 2nd second paragraph removed.
Redundant link to IHTM09223 removed.
Transferable nil-rate band: - contents
Links to IHTM43013 archived.
Reverter to settlor: on death of life tenant
Small change made to tighten up the guidance

published amendments

Other issues: excepted estates and transferable nil rate band
Amended hyperlinks.
Amended hyperlinks.
Text updated following chapter re-publish.
Other issues: requests to revise values included on the first death
Text updated following chapter re-publish.
Other issues: settling the amount of unused TNRB at the first death
Text updated following chapter re-publish.
Transferable nil-rate band: - contents
Links to IHTM43061 archived.
Links to IHTM43052 archived.
Links to IHTM43051 archived.
Links to IHTM43051 archived.
Links to archived pages removed.
Links to IHTM43049 archived.
Updated title for IHTM43046 as per chapter re-publish.
Title updated for IHTM43025 as per chapter re-publish.
Title updated for IHTM43020 as per chapter re-publish
Links to IHTM43015 archived.
Updated title for IHTM43014 as per chapter re-publish.
Other issues: application when the first death occurred under Estate Duty and Capital Transfer Tax
Amended hyperlink for IHTM43020.
Text and title updated following chapter re-publish.
Interaction with alternatively secured pensions: deceased’s estate includes funds in an alternatively secured pension
Text and title updated following chapter re-publish.
Interaction with conditional exemption and woodlands relief: recapture charge arising after the death of the survivor
Text and title updated following chapter re-publish.
Interaction with conditional exemption and woodlands relief: recapture charge arising before the death of the survivor
Text and title updated following chapter re-publish.
Interaction with conditional exemption and woodlands relief: conditionally exempt property or woodlands in the estate of the first spouse or civil partner to die
Text and title updated following chapter re-publish.
Domicile: calculation where the domicile of the survivor at the first death is outside the UK
Text and title updated following chapter re-publish.
Domicile: domicile of first spouse or civil partner to die
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: legitim
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: simultaneous deaths
Text updated following chapter re-publish.
Calculating the transferable nil rate band: survivor was married to or in civil partnership with someone who was entitled to TNRB from an earlier death, where no claim was made on the earlier death
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: chargeable lifetime transfers by the second spouse or civil partner
Text and title updated following chapter re-publish.
Dealing with a claim: reviewing form IHT402 and form IHT216
Amended title to lowercase 'reviewing' as per chapter.
Claims and time limits: late claims
Amended title to lowercase 'late' as per chapter.
Claims and time limits: claims by people other than the personal representatives
Amended title to lowercase 'claims' as per chapter.
Claims and time limits: time limits
Amended title to lowercase 'time' as per chapter.
Claims and time limits: how to make a claim
Amended title to lowercase 'how' as per chapter.
Basic principles: divorce or dissolution of a civil partnership
Amended title to show lowercase 'divorce' as per chapter. Updated text following chapter re-publish.
Basic principles: what equivalent arrangements to civil partnerships are recognised in the UK?
Amended title to show lowercase 'what' as per chapter.
Basic principles: what constitutes a valid marriage?
Amended title to show lowercase 'what' as per chapter.
Basic principles: focus is on the extent to which the nil rate band is unused
Amended title to show lowercase 'focus' as per chapter.
Basic principles: introduction
Amended title to lowercase 'introduction' as per chapter.
Calculating the transferable nil rate band: survivor was married to or in a civil partnership with someone who was entitled to TNRB from an earlier death; limitation at 100%
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: survivor was married to or in a civil partnership with someone who was entitled to TNRB from an earlier death
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: survivor has been married to more than one spouse or been in more than one civil partnership; limitation at 100%
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: survivor has been married to more than one spouse or been in more than one civil partnership
Text and title updated as per chapter re-publish.
Calculating the transferable nil rate band: how to reflect the increased nil rate band on COMPASS
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: interaction of ability to transfer unused nil rate band with double taxation conventions, double taxation relief and successive charges relief
amended hyperlink.
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: how there may still be an amount to be transferred even though IHT is paid as a result of the death
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: how the amount to be transferred is calculated where the first estate is less than the IHT nil rate band on the first death and with a lifetime transfer
Text and title updated following chapter re-publish.
Calculating the transferable nil rate band: how the amount to be transferred is calculated where the first estate is less than the IHT nil rate band on the first death
Text and title updated as per chapter re-publish.
Calculating the transferable nil rate band: how the amount to be transferred is calculated where there is a lifetime transfer
Text and title updated as per chapter re-publish.
Calculating the transferable nil rate band: how the amount to be transferred is calculated
Text and title updated following chapter re-publish.
Dealing with a claim: partially or unconstituted nil rate band trusts
Updated text and title following chapter re-publish.
Dealing with a claim: action in Compliance Group
Text and title updated following chapter re-publish.
Estate Duty surviving spouse exemption: application on death
Spaces added between dates in text.

published amendments

Other issues: the rate of tax on exit charges from relevant property trusts which include TNRB before the first ten year anniversary
Text updated following chapter re-publish.
Amended hyperlinks for IHTM04067, IHTM43006 and IHTM39014.
Text updated following chapter re-publish.
Claims and time limits: how to make a claim
Amending hyperlinks for external websites.
Amending hyperlinks and wording for external websites as per chapter re-publish.
Other issues: disclosure of TNRB calculations to other liable persons
Text updated following chapter re-publish.
Other issues: effect of clearance certificates
Text updated following chapter re-publish.
Other issues: valuing the first estate, ascertained valued for CGT
Text updated following chapter re-publish.

published amendments

Domicile: calculation where the domicile of the survivor at the first death is outside the UK
Bullet point formatting removed from final paragraph.

published amendments

Loss on sale of shares: contents
FACET Procedures archived as per chapter republish.
Links to IHTM3420-IHTM34081 archived.
Loss on sale of shares: basic conditions
Amended hyperlink for IHTM34213
Text updated following chapter re-publish.
Loss on sale of shares: background
Amended hyperlinks for IHTM09703, IHTM34011 and IHTM14621.
Text updated following chapter re-publish.
Loss on sale of shares: summary
Text updated following chapter re-publish.
Information notices: introduction
Out of date information removed and replaced.

published amendments

Sales: Special treatment of shares in Northern Rock & Bradford & Bingley
Text updated following chapter re-publish.
Sales: cancellation of shares
Text updated following chapter re-publish.
Sales: suspension of shares
Text updated following chapter re-publish.
Sales: unsaleable investments
Amended hyperlink.
Text updated following chapter re-publish.
Sales: exchanges
Text updated following chapter re-publish.
Sales: appropriations
Text updated following chapter re-publish.
Sales: date of sale
Text updated following chapter re-publish.
Sales: the basic condition
Text updated following chapter re-publish.
Qualifying investments: open ended investment companies (OEIC)
Text updated following chapter re-publish.
Qualifying investments: foreign stock exchanges
Text updated following chapter re-publish.
Qualifying investments: shares held by a partnership
Text updated following chapter re-publish.
Qualifying investments: reversionary interests
Amended hyperlink.
Text updated following chapter re-publish.
Qualifying investments: unadministered estates
Text updated following chapter re-publish.
Qualifying investments: underwriting deposits
Text updated following chapter re-publish.
Qualifying investments: share option schemes
Amended to show previous version - need to confirm section with author.
Amended hyperlink.
Text updated following chapter re-publish.
Qualifying investments: shares temporarily suspended at the date of death
Text updated following chapter re-publish.
Qualifying investments: non-qualifying investments
Text updated following chapter re-publish.
Qualifying investments: what are qualifying investments?
Text updated following chapter re-publish.

published amendments

Attribution of values to specific investments: summary
Removed hyperlink for IHTM34074 as archived.
Text updated following chapter re-publish.
Attribution of values to specific investments: example of how values are revised under IHTA84/S187(3)
Text updated following chapter re-publish.
Attribution of values to specific investments: purchases of qualifying investments
Adding hyperlink to IHTM34242
Text updated following chapter re-publish.
Attribution of values to specific investments: changes in the capitalisation of a company
Text updated following chapter re-publish.
Attribution of values to specific investments: payment of ‘call’
Text updated following chapter re-publish.
Restrictions on relief: loss on sale is greater than the original date of death value
Text updated following chapter re-publish.
Restrictions on relief: part holdings comprised in the deceased’s estate
Text updated following chapter re-publish.
Restrictions on relief for purchases: prior purchase of similar shares
Added hyperlink to IHTM43183.
Amended hyperlink for IHTM34161.
Text updated following chapter re-publish.
Restrictions on relief for purchases: purchases of ‘qualifying investments’
Text updated following chapter re-publish.
Restrictions on relief for purchases: purchases by the ‘appropriate’ person
Text updated following chapter re-publish.
Restrictions on relief for purchases: the restriction
Text updated following chapter re-publish.
Restrictions on relief for purchases: introduction
Text updated following chapter re-publish.
Changes in shareholdings: acquisitions prior to sale
Text updated following chapter re-publish.
Changes in shareholdings: part of rights sold, balance taken up as shares
Text updated following chapter re-publish.
Changes in shareholdings: rights disposed of without consideration
Text updated following chapter re-publish.
Changes in shareholdings: rights not taken up or sold
Text updated following chapter re-publish.
Changes in shareholdings: rights taken up and sold
Text updated following chapter re-publish.
Changes in shareholdings: rights sold
Text updated following chapter re-publish.
Changes in shareholdings: rights issue
Text updated following chapter re-publish.
Changes in shareholdings: renounced bonus issue
Text updated following chapter re-publish.
Changes in shareholdings: bonus issues
Text updated following chapter re-publish.
Changes in shareholdings: investments forming part of the new holding
Amended hyperlink for IHTM01081.
Text updated following chapter re-publish.
Changes in shareholdings: date of death value for investments sold
Text updated following chapter re-publish.
Changes in shareholdings: date of death value for the whole of a new holding
Text updated following chapter re-publish.
Changes in shareholdings: changes in the capitalisation of a company
Text updated following chapter re-publish.
Loss on sale of shares: contents
Contents page updated following chapter re-publish, adding page IHTM34178.
Contents page amended following chapter re-publish adding IHTM34165.
Links to IHTM34133 archived.
Calculating the loss: capital payments
Text updated following chapter re-publish.
Calculating the loss: sale value
Text updated following chapter re-publish.
The extent of the share (Scotland): joint money accounts and special destination
Typographical errors in the example corrected.
Erroneous forward slash at the end of the final bullet point deleted.
Words "and the survivor" removed from the middle of the first sentence, included in error.
Calculating the loss: call
Text updated following chapter re-publish.
Calculating the loss: interest on government securities
Text updated following chapter re-publish.
Domicile: calculation where the domicile of the survivor at the first death is outside the UK
Bold format removed to improve appearance.
Bold format removed from part of page to improve appearance on GOV.UK.
Calculating the loss: value on death
Amended hyperlink.
Text updated following chapter re-publish.
Calculating the loss: how is the loss calculated?
Text updated following chapter re-publish.
Calculating the loss: what is an 'overall loss'?
Text updated following chapter re-publish.
Appropriate person: Personal Equity Plans (PEPs) and Individual Savings Accounts (ISAs)
Text updated following chapter re-publish.
Appropriate person: death of the legal personal representative or the trustee
Text updated following chapter re-publish.
Appropriate person: separate claims by legal personal representatives and trustees
Text updated following chapter re-publish.
Text updated following chapter re-publish.
Appropriate person: basic condition
Text updated following chapter re-publish.

published amendments

Changes in shareholdings: bonus issues
Format of words 'Example 3' changed.
Attribution of values to specific investments: changes in the capitalisation of a company
Blank space at bottom of page removed.
Qualifying investments: what are qualifying investments?
Reference to USM deleted as out of date.
Restrictions on relief: part holdings comprised in the deceased’s estate
Empty space at bottom of page removed.

published amendments

Other issues: excepted estates and transferable nil rate band
Page should not be shown as 'archived'.

published amendments

Basic Definitions: ‘Qualifying Residential Interest’ and ‘Residential Property Interests’
Clarification of the last paragraph of the section. Makes clear the position where there are more than two residential property interests in the same dwelling-house.

published amendments

Foreign property: valuation of assets: unlisted foreign shares
Obsolete link removed.
Other calculations: Step 5 - abatement caused by grossing up
Final bullet point changed to refer to Technical Team in Nottingham.

published amendments

Calculating the RNRB: calculating the value of the QRI that is closely inherited
Links to IHTM46023 either reactivated or deleted.
Qualifying investments: foreign stock exchanges
Link to IHTM34178 reactivated.

published amendments

Household and personal goods: contents
Links to IHTM21027 archived.
Downsizing Calculations: overview
Clarification - small = less valuable
Downsizing: general principles
Clarification - 'smaller' changed to 'less valuable'.

published amendments

Procedure: identifying the beneficiary
Link to Treasury Solicitor's updated to Government Legal Department.

published amendments

Foreign property: blocked assets
Text updated following chapter re-publish.
Foreign property: valuation of assets: claims for compensation
Text updated following chapter re-publish.
Foreign property: valuation of assets: conversion of foreign currency
Text updated following chapter re-publish.
Foreign property: valuation of assets: deduction for administration of non-UK assets
Text updated following chapter re-publish.
Foreign property: valuation of assets: fall in value relief on foreign land or buildings
Text updated following chapter re-publish.
Foreign property: valuation of assets: loss on sale of foreign land
Text updated following chapter re-publish.
Foreign property: valuation of assets: foreign land or buildings: procedure
Text updated following chapter re-publish.
Foreign property: valuation of assets: foreign bank accounts, debts, household and personal goods
Text updated following chapter re-publish.
Foreign property: valuation of assets: fall in value relief
Amended hyperlink.
Text updated following chapter re-publish.
Foreign property: valuation of assets: loss on sale of shares
Text updated following chapter re-publish.
Foreign property: valuation of assets: unlisted foreign shares
Text updated following chapter re-publish.
Foreign property: valuation of assets: listed foreign shares
Text updated following chapter re-publish.

published amendments

IHT400 - Working out the Inheritance Tax and the simple calculation (page 11)
Erroneous closed bracket removed.
IHT 400: Other assets taken into account to calculate the tax (page 10)
Format of dates in final bullet changed.
IHT400: Estate in the UK, assets owned outright by the deceased (pages 6 and 7)
2 links reactivated and minor formatting improvements.
IHT 400: Deceased’s Will (page 3).
Obsolete link deleted.
Foreign property: valuation of assets: usufruct
Some acronyms expanded to full names and two links added.

published amendments

Other assets due to the deceased: copyrights, royalties, etc
Reference to 'SAV (Copyrights)' amended.
Other assets due to the deceased - Interest in expectancy
Links on page updated and reactivated.
Investigating the assets on page 6: Cash (box 53)
Final paragraph amended.

published amendments

Value and Valuation: Treatment of mortgages and debts
Text updated.
Investigating the assets on page 6: Cash (box 53)
Deleted word 'use' accidentally included in final paragraph.

published amendments

Agricultural Tenancies Act 1995: Introduction
Link to IHTM24212 added.
Agricultural tenancies: Overview of the legislation 1948 to 1995
Link to IHTM24212 added.
Agricultural relief: contents
New pages IHTM24212 and 24213 added to contents page.

2018

published amendments

Downsizing Calculations: where there is a qualifying residential interest in the estate: how to calculate the lost relievable amount
Deleted duplicated wording
Link added
Clarification and further examples added
Downsizing Calculations: overview
Reference to example amended
Link added
Wording of Step 1 amended in line with corresponding section in IHTM46062

published amendments

Downsizing Calculations: overview
Link added

published amendments

Excepted settlements - proportionate charges
Link to IHTM42112 replaced by link to IHTM42114.
Proportionate charges: calculation of rate before first TYA
The values required to calculate the aggregate chargeable transfer have been updated.

published amendments

Special valuation matters: joint property - valuation of a fractional share
Page re-formatted to improve appearance.

published amendments

Transfer of unused RNRB: the brought-forward allowance
Slight clarification of the first paragraph.

published amendments

Assessing: CTDs: if the taxpayer has lost the CTD
Contact details updated.
Assessing: CTDs: cancelled calculations
Contact details updated.
Assessing: CTDs: Estate Duty
Contact details updated.
Assessing: CTDs: assessing NIOP cases
Contact details updated.
Assessing: CTDs: applying the CTD
Contact details updated.
Assessing: CTDs: receiving the CTD
Contact details updated.
Payment methods: payment by certificates of tax deposit
Page republished to improve appearance.
Updated to note ending of CTD scheme and to correct contact details.

published amendments

Agricultural purposes: Set-aside scheme
Text of page updated.
Certificates of Tax Deposit: valuing for IHT purposes
Links and format of page updated.
Certificates of tax deposit: calculating interest
Link to GOV.UK updated.
Certificates of tax deposit - introduction
Page updated to reflect closure of CTD scheme.

published amendments

Domicile: Finance (No 2) Act 2017 changes: non UK domicile
Links to related pages activated.
Domicile: Finance (No 2) Act 2017 changes: deemed domicile - number of years
Link to IHTM13024 activated.
Domicile: Finance (No 2) Act 2017 changes: summary of the Inheritance Tax changes
Links to related pages activated.
How Inheritance Tax is charged: contents
New section added on changes to treatment of certain types of excluded property in the Finance (No 2) Act 2017.
Domicile: Contents
New section on changes to the Inheritance Tax domicile rules in the Finance (No 2) Act 2017 added.
Change of Domicile: Membership of Armed Forces
Title on contents page corrected.
Change of Domicile: Voting Rights
Title on contents page corrected.
Change of Domicile: Residence/Non-Residence/Ordinary Residence
Title on contents page corrected.
Change of Domicile: Deemed Domicile
Title on contents page corrected.
Change of Domicile: Domicile of origin, choice and dependence
Title on contents page corrected

published amendments

Domicile: Contents
Contents page republished to establish links on GOV.UK.
Change of Domicile: Deemed Domicile
Link to new deemed domicile rules from 6/4/17 added.
Domicile: Finance (No 2) Act 2017 changes: formerly UK domiciled and currently UK resident
Link to related page added.
How Inheritance Tax is charged: contents
Contents page republished to establish links on GOV.UK.
Finance (No 2) Act 2017 changes: double taxation arrangements
Link to IHTM27161 activated.
Finance (No 2) Act 2017: disposals of company interests, partnership interests, relevant loans and repayments of relevant loans
Links to related pages activated.
Links to related pages activated.
Finance (No 2) Act 2017 changes: close companies and partnerships
Links to related pages activated.
Links to relevant pages activated.
Finance (No 2) Act 2017 changes: commencement provisions
Links to related pages activated.
Finance (No 2) Act 2017 changes: relevant loans
Links to related pages activated.
Finance (No 2) Act 2017 changes: UK residential property
Links to related pages activated.

published amendments

PETA schemes
Shortening title
Differences between PETA and Discounted Gift schemes
Shortening title
Discounted Gift Schemes: where the transferor’s life was uninsurable at the transfer date
Shortening title
Discounted Gift Schemes: factors affecting the open market value of the retained rights
Shortening title
Discounted Gift Schemes: quantifying the Inheritance Tax claim
Shortening title
Discounted Gift Schemes: basic scheme
Shortening title
Discounted Gift Schemes: list of Companies and Scheme names
Shortening title
Shortening title
Discounted Gift Schemes: what to do
Shortening title
Shortening title
Discounted Gift Schemes: introduction
Shortening title to remove incorrect reference to pure endowment and term assurance
Life Policies: Contents
Changes to reflect shorter page titles
Adding new pages to contents list
Life Policies: Capital Conversion or Flexible Funding plans
Amending title to remove extraneous words

published amendments

Communications: contents
Section in Chapter 2 on 'Use of Microsoft Word templates and standard letters' removed.
Innocent error: agent's failure
Formatting errors corrected.
Life Policies: introduction to life policies: life policies and Inheritance Tax
Hyperlink updated
Change of Domicile: Deemed Domicile
Three year rule - word "and" added beween "1974" and "at".
Further references made to highlight changes to deemed domicile rules from 6 April 2017.

published amendments

Communications: Incoming correspondence: acknowledgements/holding letters
Link to archived page removed.
Finance (No 2) Act 2017 changes: targeted anti-avoidance rule and Inland Revenue charge
Page republished to try and establish lins between preceding and following pages in internet version.
How Inheritance Tax is charged: contents
Contents page republished again to establish links within Finance (No 2) Act 2017 section.
Communications: Outgoing correspondence: format of outgoing correspondence
Link to deleted page removed.

published amendments

Due date for payment: postponing payment
Updated to correct formatting errors and remove outdated links.

published amendments

End of instalment option: introduction
Formatting of text changed to improve appearance.
Qualifying property (PETs): unquoted shares or securities - £20,000 value and 10% nominal value
Formatting of text changed to improve appearance.
Transfers and other events on or after 17 March 1987: unquoted shares
Text updated to improve formatting and obsolete example for position before 1992 deleted.
Transfers and other events on or after 17 March 1987: the conditions
Second republish for formatting.
Formatting of text changed to improve appearance.
Transfers on death: unquoted shares - £20,000 value and 10% nominal value test
Minor non-technical amendments made to text.
Due date for payment: postponing payment
Minor non-technical adjustment to text.

published amendments

Liability: introduction
Text updated following chapter re-publish.
Liability and payment of tax: introduction
Text updated following chapter re-publish.

published amendments

Liability on potentially exempt transfers (PETs): practice relating to personal representatives
Text updated following chapter re-publish.
Liability on potentially exempt transfers (PETs): recourse to transferor's personal representatives
Amended hyperlinks.
Text updated following chapter re-publish.
Liability on potentially exempt transfers (PETs): priorities
Text updated following chapter re-publish.
Definition and extent of liability: persons liable under IHTA84/S200 (1)(c)
Amending hyperlink.
Text updated following chapter re-publish.
Liability on potentially exempt transfers (PETs): persons liable
Text updated following chapter re-publish.
Definition and extent of liability: policies effected by a person who dies domiciled outside the UK
Text updated following chapter re-publish.
Definition and extent of liability: particular situations
Text updated following chapter re-publish.
Definition and extent of liability: property settled before the death
Text updated following chapter re-publish.
Definition and extent of liability: persons excluded
Text updated following chapter re-publish.
Definition and extent of liability: nature of a personal representative's liability
Text updated following chapter re-publish.
Definition and extent of liability: extent of a personal representative's liability
Text updated following chapter re-publish.
Definition and extent of liability: personal representatives
Text updated following chapter re-publish.
Liability on death transfers: priorities
Text updated following chapter re-publish.
Liability on death transfers: interests under superannuation schemes
Comma added to text as per re-publish.
Liability on death transfers: settled property in which deceased had a qualifying interest in possession
Amended text following chapter re-publish.
Liability on death transfers: other unsettled property (except GWRs)
Amended hyperlinks.
Text updated following chapter re-publish.
Liability on death transfers: the persons liable
Text updated following chapter re-publish.

published amendments

Definition and extent of liability (PETs): objects of a relevant property trust
Text updated following chapter re-publish.
Definition and extent of liability (PETs): persons excluded
Text updated incorrectly. Now amended accordingly as per chapter re-publish.
Text updated following chapter re-publish.
Definition and extent of liability (PETs): persons liable under IHTA84/S199 (1)(c)
Amended hyperlink.
Text updated following chapter re-publish.
Definition and extent of liability (PETs): transferee
Text updated following chapter re-publish.

published amendments

Definition and extent of liability (lifetime transfers chargeable when made): extent of liability of persons secondarily liable
Amended hyperlink.
Text updated following chapter re-publish.
Definition and extent of liability (lifetime transfers chargeable when made): transferor
Text updated following chapter re-publish.
Liability on lifetime transfers chargeable when made: persons liable
Text amended following chapter re-publish.
Liability on lifetime transfers chargeable when made: introduction
Amended hyperlinks.
Text updated following chapter re-publish.
Life Policies: Contents
New Pages added

published amendments

Definition and extent of liability (lifetime transfers chargeable when made): limitation on spouse's or civil partner's liability
Amended hyperlink.
Text updated following chapter re-publish.
Definition and extent of liability (lifetime transfers chargeable when made): spouse or civil partner of transferor
Text updated following chapter re-publish.

published amendments

Liability on gifts with reservation (GWRs): definition and extent of liability
Text updated following chapter re-publish.
Liability on gifts with reservation (GWRs): persons liable when treated as part of death estate
Text updated following chapter re-publish.
Liability on gifts with reservation (GWRs): persons liable when treated as a PET
Text updated following chapter re-publish.
Liability on gifts with reservation (GWRs): introduction
Amended hyperlink.
Text updated following chapter re-publish.

published amendments

Tax payable on taking out of grant: Inheritance tax rates
Hyperlinks amended.
Text updated following chapter re-publish.
Due date for payment: request to pay in advance
Text updated following chapter re-publish.
Due date for payment: payment before due date
Text updated following chapter re-publish.
Due date for payment: woodlands
Text updated following chapter re-publish.
Due date for payment: conditionally exempt property
Text updated following chapter re-publish.
Due date for payment: lifetime transfers chargeable when made
Amended hyperlink.
Text updated following chapter re-publish.
Due date for payment: other charges arising on death
Text updated following chapter re-publish.
Due date for payment: death transfers
Text updated following chapter re-publish.
Liability and payment of tax: general payment rule
Text updated following chapter re-publish.
Liability in special cases: transfers by a close company
Text updated following chapter re-publish.
Liability in special cases: woodlands
Text updated following chapter re-publish.
Liability in special cases: discretionary trust charges and heritage property
Text updated following chapter re-publish.
Liability in special cases: heritage property
Text updated following chapter re-publish.
The settlor: settlement made before 11 December 1974
Text updated following chapter re-publish.
The settlor: death charge on lifetime transfers chargeable when made
Text updated following chapter re-publish.
The settlor: PETs
Text updated following chapter re-publish.
The settlor: limitations on settlor's liability
Text updated following chapter re-publish.
The settlor: definitions
Text updated following chapter re-publish.
Definition and extent of liability (settled property): recipients of benefit
Text updated following chapter re-publish.
Definition and extent of liability (settled property): beneficiaries
Text updated following chapter re-publish.
Definition and extent of liability (settled property): persons other than trustees
Text updated following chapter re-publish.
Definition and extent of liability (settled property): trustees
Text updated following chapter re-publish.
Liability on settled property: persons liable
Text updated following chapter re-publish.

published amendments

Transfers on death: shares and securities
Amended hyperlink.
Text updated following chapter re-publish.
Transfers on death: businesses and interests in businesses
Text updated following chapter re-publish.
Transfers on death: land
Text updated following chapter re-publish.
Transfers on death: categories of qualifying property
Text updated following chapter re-publish.
Transfers on death: introduction
Text updated following chapter re-publish.
Payment by instalments: option where additional tax payable
Text updated following chapter re-publish.
Payment by instalments: request to elect for instalments after tax paid in one sum
Text updated following chapter re-publish.
Payment by instalments: election
Text updated following chapter re-publish.
Payment by instalments: when instalments are payable
Text updated following chapter re-publish.
Instalment option: introduction
Amended hyperlinks.
Text updated following chapter re-publish.
Payment methods: payment out of tax repayments
Text updated following chapter re-publish.
Payment methods: payment by transfer of land or chattels
Text updated following chapter re-publish.
Payment methods: payment by IHT direct payment scheme
Text updated following chapter re-publish.
Payment methods: payment by national savings or government stock
Text updated following chapter re-publish.
Payment methods: payment by electronic transfer
Text updated following chapter re-publish.
Payment methods: payment by cheque
Amended hyperlink.
Text updated following chapter re-publish.
Tax payable on taking out of grant: non-instalment option property
Amended hyperlinks.
Text updated following chapter re-publish.

published amendments

Lifetime cesser of a qualifying interest in possession: cesser a PET
Hyperlink amended.
Text updated following chapter re-publish.
The rate of relief: Vacant possession and the higher rate of relief example of occupation by a company
Link to page on agricultural tenancies corrected.
Lifetime cesser of a qualifying interest in possession: introduction
Text updated following chapter re-publish.
Gifts with reservation: other qualifying property
Text updated following chapter re-publish.
Gifts with reservation: deceased's residence
Text updated following chapter re-publish.
Lifetime transfers chargeable when made: qualifying property
Text updated following chapter re-publish.
Lifetime transfers chargeable when made: previous legislation and lifetime transfers
Text updated following chapter re-publish.
Lifetime transfers chargeable when made: additional tax payable on death of transferor
Text updated following chapter re-publish.
Qualifying property (PETs): unquoted shares or securities - undue hardship
Text updated following chapter re-publish.
Transfers and other events on or after 17 March 1987: the transferee
Text updated following chapter re-publish.
Transfers and other events on or after 17 March 1987: settled property
Text updated following chapter re-publish.
Potentially Exempt Transfers (PETs): deaths before 17 March 1987
Text updated following chapter re-publish.
Transfers on death: unquoted shares - 20% tax test
Amended Table.
Amended hyperlink.
Text updated following chapter re-publish.
Transfers on death: unquoted shares - undue hardship
Text updated following chapter re-publish.
Transfers on death: control holdings of shares and securities
Text updated following chapter re-publish.
Transfers on death: meaning of 'unquoted' for instalments
Text updated following chapter re-publish.

published amendments

Special rules: voidable transfers
Text updated following chapter re-publish.
Special rules: Inheritance (Provision for Family & Dependants) Act 1975
Text updated following chapter re-publish.
Interest period: instalments with interest relief
Text updated following chapter re-publish.
End of instalment option: underwriting interests
Taken out hyperlink for (IHTM18112).
Amended hyperlink.
Text updated following chapter re-publish.
Interest period: instalments without interest relief
Text amended following chapter re-publish.
Rates of interest: the higher and lower rates before 16 December 1986
Text updated following chapter re-publish.
Rates of interest: the rates
Text updated following chapter re-publish.
Rates of interest: background
Text updated following chapter re-publish.
Interest: introduction
Text updated following chapter re-publish.
End of instalment option: chargeable transfers otherwise than on death
Text updated following chapter re-publish.
End of instalment option: meaning of 'sold'
Amended hyperlink.
Text updated following chapter re-publish.
Attribution process: lifetime transfers
Text updated following chapter re-publish.
Attribution process: introduction
Text updated following chapter re-publish.
Instalment option: woodlands
Text updated following chapter re-publish.
Instalment option: relevant property trusts
Text updated following chapter re-publish.
Lifetime cesser of a qualifying interest in possession: cesser taxable when made
Text updated following chapter re-publish.

published amendments

Reopening IHT liabilities: procedure
Text updated following chapter re-publish.
Reopening IHT liabilities: introduction
Text updated following chapter re-publish.
Adjustment of tax paid: repayments
Text updated following chapter re-publish.
Adjustment of tax paid: underpayments
Amended hyperlink.
Text updated following chapter re-publish.
Special rules: settled property - sales and mortgages of reversionary interests
Text updated following chapter re-publish.
Special rules: Scotland - legitim
Text updated following chapter re-publish.
Special rules: property accepted in satisfaction of tax
Text updated following chapter re-publish.

published amendments

Remission of interest: guidelines in delay cases
Amended hyperlink.
Text updated following chapter re-publish.
Remission of interest: procedure in delay cases
Text updated following chapter re-publish.
Remission of interest: delay cases (Code of Practice)
Hyperlinks Amended.
Text updated following chapter re-publish.
Remissions: when a claim may be discharged
Text updated following chapter re-publish.
Remissions: distinction between remissions and irrecoverable assessments
Text updated following chapter re-publish.
Remissions: introduction
Amended hyperlinks.
Text updated following chapter re-publish.
Limitation of liability by lapse of time: property in the hands of purchasers
Text updated following chapter re-publish.
Limitation of liability by lapse of time: provisional calculations
Text updated following chapter re-publish.
Limitation of liability by lapse of time: statutory provisions
Text updated following chapter re-publish.
Determination of questions on previous view of the law: amendments after the change of practice
Text updated following chapter re-publish.
Determination of questions on previous view of the law: instalment cases
Text updated following chapter re-publish.
Determination of questions on previous view of the law: delay by HMRC
Text updated following chapter re-publish.
Determination of questions on previous view of the law: disputed cases
Text updated following chapter re-publish.
Determination of questions on previous view of the law: HMRC law
Text update following chapter re-publish.
Determination of questions on previous view of the law: scope of IHTA84/S255
Text updated following chapter re-publish.
Reconsideration by HMRC: Shares and Assets Valuation
Text updated following chapter re-publish.
Reopening IHT liabilities: procedure
Taken out hyperlink as no longer existing.
Reconsideration by HMRC: agreements
Text updated following chapter re-publish.
Reconsideration by taxpayers: land and buildings
Text updated following chapter re-publish.
Reconsideration by taxpayers: valuations by SAV
Text updated following chapter re-publish.
Reconsideration by taxpayers: changed circumstances
Text updated following chapter re-publish.
Reconsideration of value: introduction
Text updated following chapter re-publish.

published amendments

Structure of the charge: what is a disposition?
Empty lines removed from page.
Page updated as part of chapter rewrite.
Structure of the charge: main charging provisions
Page updated as part of chapter rewrite.
How Inheritance Tax is charged: history
Page updated as part of chapter re-write.
How Inheritance Tax is charged: summary
Link to IHTM04030 added.
Remission of interest: delay cases (Code of Practice)
Removed hyperlink.
Erroneous or excessive repayments of tax: over-repayments to be reported
Removed hyperlink.
Text updated following chapter re-publish.
Remissions: when a claim may be discharged
Taken out hyperlink.
Erroneous or excessive repayments of tax: interest supplement
Text updated following chapter re-publish.

published amendments

Life Policies: Contents
Re-published to try to effect changes to contents list
Updated contents to link to new pages
Split or retained interest trusts: single lump sum investments: what to do
Tweak to title
Split or Retained Interest Trusts: single lump sum investments: further details
Tweak to title
Split or Retained Interest Trusts: Introduction
Page added to demonstrate HMRC acceptance of established practice for the purposes of the 2018 IHT DOTAS Hallmark

published amendments

Grants on credit: statutory background
Minor grammatical errors in fourth and fifth paragraphs corrected.
Rates of interest: the rates
Link to interest rates on GOV.UK updated.

published amendments

Structure of the charge: what is meant by beneficially entitled?
Page updated as part of chapter rewrite.
Structure of the charge: what is property?
Page amended as part of chapter rewrite.
Structure of the charge: what makes up a person's estate?
Empty line removed.
Minor formatting change.
Structure of the charge: what is the value transferred?
Page amended as part of chapter rewrite.
Structure of the charge: what is a chargeable transfer?
Link to IHTM04053 added.
Structure of the charge: what is an exempt transfer?
Link changed from IHTM12000 to IHTM11000.
Page amended as part of chapter rewrite.
Structure of the charge: what is a deemed transfer of value?
Formatting improved as part of chapter rewrite.
Structure of the charge: what is a transfer of value?
Page updated as part of chapter rewrite.

published amendments

IHT accounts and accountability: contents
Duplicated links to IHTM10840 and 10850 removed.

published amendments

Accountability: telling us about amendments
Links to relevant pages added.
IHT accounts and accountability: contents
New page IHTM10806 added.

published amendments

Pensions: other provisions: introduction
Title for contents page corrected.
Structure of the charge: what is a general power?
Link to IHTM14810 created.
Amendments made to text to improve readability.
Structure of the charge: how meaning of estate is restricted
Change to wording of first bullet to improve readability.
Structure of the charge: how the meaning of estate is extended
Format of page amended.
Assessing: contents
Link to IHTM31023 archived.
Assessing: calculation principles: when to raise calculations
Link added to new guidance at IHTM10806.
Other issues: effect of clearance certificates
Final sentence removed to reflect changes to HMRC clearance process.
Claims and time limits: claims by people other than the personal representatives
Final paragraph amended to reflect changes to HMRC clearance process.
Non-statutory assurances and other types of certificate: non-statutory assurances on taxpaying settlement cases
Page updated to reflect changes in clearance process.
Clearance certificates: what are clearance certificates?
Final sentence removed.
Clearance certificates: summary
Page amended following changes to process for issuing clearance letters.
Investigating incorrect accounts, information or documents: when to consider penalties?
Link to obsolete page removed and formatting tidied up.
Incorrect account, information or document: s.248(1) penalty
Link to new guidance at IHTM10806 added.
Failure to deliver an account: when can you seek a penalty?
Link to new guidance at IHTM10806 added.
Accountability: corrective accounts
Link added to new guidance in IHTM10806.
Corrective account (C4): when is an account required (England, Wales and Northern Ireland)?
Changes to page following new guidance at IHTM10806.
Corrective account (C4): introduction
New link to page IHTM10806 on revised procedure for submitting corrrective accounts.

published amendments

Transfers on death: changes in value by reason of the death
Final paragraph of page condensed and amended.
Transfers on death: valuing property together
Small change to text made and link to IHTM16062 added.
Transfers on death: what is the value transferred on death?
Commas removed from 3rd bullet point.
Transfers on death: what makes up the estate on death
Blank line removed.
Formatting of text improved.
Transfers on death: deemed transfer on death
Format of page tidied and new links added.
Transfers on death: the charging provisions
Format changed - blank lines removed.
Structure of the charge: what is general power property?
Format of page tidied up.
Assessing: examples of calculations: calculation on death where lifetime transfers are more than the nil-rate band
Incorrect figure in 'Apply the available nil-rate band to any lifetime transfers first' corrected.

published amendments

Lifetime transfers: when does property becomes comprised in the estate of an individual?
Text updated as part of chapter re-write.
Lifetime transfers: when is a gift made to another individual or to a specified trust?
Text updated as part of chapter rewrite.
Lifetime transfers: what is a potentially exempt transfer?
Blank lines removed.
Lifetime transfers: loss to estate less than value of property given
Blank lines under bullets removed.
Text updated as part of chapter re-write.
Lifetime transfers: loss to estate greater than the value of property given
Blank lines removed after first sentence.
Text updated.
Lifetime transfers: the loss to the transferor’s estate
Some new text added in bullet points and links to IHTM04029 and 04056 activated.
Lifetime transfers: what is an individual
Link to IHTM16000 changed to IHTM16062.
Lifetime transfers: what is a person?
Blank lines removed.
Lifetime transfers: the charging provisions
Blank lines removed in page.

published amendments

Lifetime transfers: deemed transfers that are potentially exempt transfers
Text updated as part of chapter re-write.
Lifetime transfers: woodlands subject to a deferred Estate Duty charge
Text updated as part of chapter re-write.
Lifetime transfers: transfers that cannot be potentially exempt transfers
Text updated as part of chapter re-write.
Lifetime transfers: when is the estate of another individual increased?
Text updated as part of chapter re-write.

published amendments

Close companies and settled property: introduction
Blank lines removed after bullet points.
Formatting changed to improve appearance.
Settled property: Quick Succession Relief
Formatting changed to improve appearance.
Interests in possession: addition of settled property or value: introduction
Formatting changed to improve appearance.
Reverter to settlor: on death of life tenant
Link to IHTM44000 activated.
Settled property: surviving spouse exemption
Link to IHTM04451 established.
Rights of residence: action in Compliance Group
Link to IHTM16136 re-established.
Page republished to improve appearance.
Rights of residence: has someone ceased to occupy his or her main residence?
Format changed to improve appearance.
Rights of residence: joint ownership
Format changed to improve appearance.
Rights of residence: introduction
Format changed to improve appearance.

published amendments

Lifetime transfers: alteration in the share capital of a close company
Punctuation error in final paragraph corrected.
Acronyms expanded.
Lifetime transfers: transfer of value by a close company
Acronyms expanded to full names.
Lifetime transfers: what is an immediately chargeable transfer?
Blank lines removed and discretionary trust changed to relevant property trust.
Lifetime transfers: what is the value transferred by a potentially exempt transfer?
Minor change as part of chapter re-write.
Lifetime transfers: purchase of a policy linked with an annuity
Format of text amended to improve appearance.
Lifetime transfers: deemed potentially exempt transfers
Additional text and examples added.
Quick succession relief: when the relief applies
Page republished for GOV.UK.
Link to IHTM04057 established.
Tax burden on death: received lifetime transfers
Page republished for GOV.UK.
Sentence in middle of example amended to clarify that appropriate % is based on period between the two deaths.

published amendments

Heritage property: chargeable events under IHTA84/S32
Text updated.
Heritage property: when a charge to tax arises
Example of chargeable event added at end of first paragraph.
Heritage property: summary
Text updated.
Lifetime transfers: what is the value transferred by a gift with reservation of benefit?
Blank space between paragraphs removed.
Format amended to make text clearer.
Lifetime transfers: introduction to gifts with reservation of benefit
Duplicated link removed.
Lifetime transfers: what is the value transferred by an immediately chargeable transfer?
Space added after first sentence - words running together.
Tax burden on death: received lifetime transfers
Example amended. Appropriate percentage should be based on period between transfer and second death, not the period between the two deaths.

published amendments

Heritage property: chargeable events under IHTA84/S32A
Reference to Heritage Section shortened to Heritage.
Reference to 'file' removed.
Update text.
Heritage property: chargeable events under IHTA84/S32
Reference to Heritage Section shortened to Heritage.
Heritage property: summary
Minor change in format.
Heritage property: double charges
Names added to example and dates updated.
Heritage property: special situations
Formatting amended and redaction removed.
Heritage property: exceptions to the charge under IHTA84/S32A
Format of page updated.
Heritage property: exceptions to the charge under IHTA84/S32
Formatting of page amended.

published amendments

Valuing the partnership interest: Freehold and leasehold property
Links to redundant pages in chapter 23 removed.
First paragraph amended to clarify how and when investigators should consider the question of partnership property.
Woodlands: the deferred charge
Minor changes to non-technical wording of page.
Woodlands: Summary
Minor change to format of first paragraph.
Dispositions that are not transfers of value: introduction
Text updated following chapter re-publish.
Provisions which exclude the Inheritance Tax Act
Text updated following chapter re-publish.

published amendments

How Inheritance Tax is charged: contents
Link to IHTM04342 archived.
Estate Duty surviving spouse exemption: summary
Text updated.
Value left out of account: interest in possession as remuneration for services as trustee
Minor changes to text, i.e. changing 'his' to 'them'.
Value left out of account: overseas pensions
Link changed from IHTM17132 to 17058.
Spaces between words running together added and link to IHTM17132 activated.
Value left out of account: foreign currency bank accounts
Text updated.
Settled property to which the settlor's spouse, civil partner, widow(er) or surviving civil partner is entitled
Space added in last sentence - words running together.
References to 'B' changed to 'life tenant'.
Value left out of account: introduction
Link changed from IHTM16000 to 16062.
Example in page updated.

published amendments

Reverter to settlor: statutory restrictions on relief
Format of page amended and actual names added to example.
Reverter to settlor: limitations on the relief
Example updated with actual names.
Reverter to settlor: introduction
Link to IHTM16000 changed to 16062.
Word qualifying added to first sentence.
Estate Duty surviving spouse exemption: procedures where relief is not due
Guidance on internal examination of claims clarified.
Estate Duty surviving spouse exemption: procedures where relief is due
Final sentence about marking files deleted.
Estate Duty surviving spouse exemption: application to lifetime events
Link to IHTM16000 changed to 16060 and blank lines in page removed.
Estate Duty surviving spouse exemption: application on death
Text amended to clarify qualifying conditions for exemption.
Dispositions by close companies for the benefit of employees
Text updated following chapter re-publish.

published amendments

Estate Duty surviving spouse exemption: meaning of parties to a marriage
Typos (words running together) corrected.
Estate Duty surviving spouse exemption: examples for competency to dispose
Actual names added to examples and typographical errors corrected.
Estate Duty surviving spouse exemption: benefits under intestacy and legal rights (Scotland)
Typo in final paragraph corrected.
Estate Duty surviving spouse exemption: benefits under intestacy (England & Wales)
Typos in first paragraph corrected.
Grant of an agricultural tenancy
Text updated following chapter re-publish.
Estate Duty surviving spouse exemption: power to appropriate capital
Blank lines removed from page.
Waiver of dividends
Text updated following chapter re-publish.
Estate Duty surviving spouse exemption: powers exercisable by will or by deed
Blank lines removed from page.
Waiver or repayment of an amount of remuneration
Text updated following chapter re-publish.
Transfer of unused RNRB: the brought-forward allowance
Removed superfluous '(s)' entries in first paragraph
Acronym 'TNRB' expanded to transferrable nil rate band and link to IHTM43001 added.
Follow-up change in relation to customer comment - J Tuck 23.4.2018
Some minor changes to make the rule sclear following a customer comment - J Tuck, 23 April 2018.
Estate Duty surviving spouse exemption: powers where the person is not competent to dispose
Blank line removed from page and first sentence broken up to improve readability.
Estate Duty surviving spouse exemption: powers where the person is competent to dispose
Blank line removed from page.
Estate Duty surviving spouse exemption: meaning of competent to dispose
Blank lines removed from page.
Blank lines removed from page.
Estate Duty surviving spouse exemption: payment of duty ‘in respect of’ any ‘settled property’ since the date of ‘the settlement’
Blank lines in page removed.
Estate Duty surviving spouse exemption: treatment of income
Blank lines removed from page.
Estate Duty surviving spouse exemption: part of fund not dutiable on the first death
Names added to examples.
Estate Duty surviving spouse exemption: restriction on exemption because of non-payment of duty
Blank lines removed from page.
Estate Duty surviving spouse exemption: duty treated as paid in full on the first death
Blank lines removed from page.
Estate Duty surviving spouse exemption: introduction
Minor changes to text of penultimate sentence to clarify position.
Legal background - the meaning of property
New paragraph added at end of page.
Legal background: connected persons
Format of page made clearer.
Woodlands: European Economic Area (EEA) - retrospective application for deaths before 22 April 2009
Link established to IHTM30402 (previous link to 30462 in error).
Link to IHTM30462 added.
Woodlands: European Economic Area (EEA) - deaths on or after 22 April 2009
Reference to Technical Group shortened to Technical.
Woodlands: beneficial entitlement under special types of interest
New links created to IHTM25251 and 16231 and names added to example.
Woodlands: the election
Final setence amended slightly removing reference to enquiry.
Out of date internal instructions deleted.
Woodlands: the death estate
Link to IHTM16062 established.
Woodlands: the conditions for relief
Reference to District Valuer changed to Valuation Office Agency.
Woodlands: introduction
Review date updated.

published amendments

Compensation for wrongs suffered during World War II: how to apply the relief
Page updated as part of chapter update.
Compensation for wrongs suffered during World War II: payments to slave or forced labourers or other victims of the German Nationalist Socialist (Nazi) regime
Page updated as part of chapter update.
Compensation for wrongs suffered during World War II: ex-gratia payment to Britons held as prisoners of war by the Japanese
Page updated as part of chapter update.
Dispositions not intended to confer bounty: outline of IHTA84/S10
Text updated following chapter re-publish.
Refund to trustees of Income Tax repayments received by settlor
Amended hyperlink
Amended hyperlink.
Amended hyperlink.
Text updated following chapter re-publish.
Changes in the distribution of the deceased's estate
Text updated following chapter re-publish.
Property of visiting forces: designated countries
Page republished to improve format.
Blank lines removed from page.
Property of visiting forces: protection of domicile and residence
'IHT' expanded to Inheritance Tax.
Property of visiting forces: qualifying persons
Blank lines removed and link to IHTM04301 changed to 04251.
Property of visiting forces: introduction
Text updated to refer specifcially to Inheritance Tax.
Estate Duty surviving spouse exemption: introduction
Additional sentence added to emphasise exemption only applies where first spouse died before 13/11/74.
Transfer of unused RNRB: the brought-forward allowance
Spelling error corrected ('transferrable' changed to 'transferable').

published amendments

Dispositions not intended to confer bounty: application to settled property
Amended hyperlink.
Text updated following chapter re-publish.
Dispositions not intended to confer bounty: second condition - arm's length transaction
Text updated following chapter re-publish.
Dispositions not intended to confer bounty: first condition - gift not intended
Text updated following chapter re-publish.
Dispositions not intended to confer bounty: definitions
Amended hyperlink.
Updated hyperlink.
Text updated following chapter re-publish.
Reversionary interests: reversions and foreign issues
Actual names used in example.
Reversionary interests: interest subject to an annuity
Link to IHTM16000 changed to 16231.
Reversionary interests: lease for life
Links amended.
Dispositions not intended to confer bounty: IHTA84/S10 qualified or excluded
Text updated following chapter re-publish.
Reversionary interests: reversion under own or spouse's/civil partners's settlement
Error in one of example names corrected.
Actual names added to example and duplicate links removed or changed.
Reversionary interests: purchased reversions
Sentence referring to transfers between 18 March 1986 and 17 March 1987 deleted as now obsolete.
Reversionary interests: introduction
Previous two final paragraphs rewritten and replaced.l

published amendments

Government securities in foreign ownership: reversionary interest in FOTRA gilts
Minor changes to text to improve clarity.
Government securities in foreign ownership: exclusion of repayment of Income Tax on FOTRA gilts
Minor changes to text to improve clarity.
Government securities in foreign ownership: exclusion of interest on FOTRA gilts
Wording of final paragraph changed slightly to improve clarity.
Government securities in foreign ownership: anti- avoidance provisions
Blank lines removed and some links amended.
Government securities in foreign ownership: conversion to FOTRA gilts and the relevant property trust charge
Second paragraph reworded to improve clarity.
Government securities in foreign ownership: relevant property trusts and FOTRA gilts
Word 'not' added before 'ordinarily resident'.
Small change made to reflect end of ordinary residence condition from 6 April 2013.
Government securities in foreign ownership: close company with an interest in possession
Example updated.
Government securities in foreign ownership: domicile
Minor changes to text to reflect historic nature of instruction.
Government securities in foreign ownership: ordinary residence
Second paragraph rewritten.
Government securities in foreign ownership: type of security and ownership
Final paragraph amended.
Government securities in foreign ownership: exclusion from charge to IHT
Format of page tidied up.
Government securities in foreign ownership: introduction
Additional text added to cover changes from 6 April 2013.
Ascertained values: introduction
Statutory reference added.
Ascertained values: when is a value not ‘ascertained’?
Spelling mistake corrected and acronyms expanded.

published amendments

Dispositions for the maintenance of the transferor's family: maintenance of the transferor's children
Amended hyperlink.
Text updated following chapter re-publish.
Dispositions for the maintenance of the transferor's family: maintenance of a spouse or civil partner
Amended hyperlinks.
Text updated following chapter re-publish.
General outline: the jurisdiction condition
Page amended to correct date of specification for Iceland and Norway and to add Liechtenstein.
Dispositions for the maintenance of the transferor's family: definitions
Text updated following chapter re-publish.
Dispositions for the maintenance of the transferor’s family: outline of IHTA84/S11
Text updated following chapter re-publish.
Estate Duty surviving spouse exemption: summary
Link to IHTM16000 changed to 16060.
Government securities in foreign ownership: FOTRA gilts as partnership assets
Blank lines removed.
Format of page changed to improve clarity of instruction.
Government securities in foreign ownership: FOTRA gilts in unadministered estates
Actual names added to example.

published amendments

Dispositions allowable for income tax or conferring retirement benefits: provision by employers for employee's retirements
Text updated following chapter re-publish.
Dispositions allowable for income tax or conferring retirement benefits: deductions allowable for income tax
Text updated following chapter re-publish.
Dispositions allowable for income tax or conferring retirement benefits: outline of IHTA84/S12
Text updated following chapter re-publish.
Dispositions for the maintenance of the transferor's family: application to settled property
Text updated following chapter re-publish.
Dispositions for maintenance of the transferor's family: dispositions satisfying IHTA84/S11 in part
Text updated following chapter re-publish.
Dispositions for maintenance of the transferor's family: meaning of incapacity
Text updated following chapter re-publish.
Dispositions for the maintenance of the transferor’s family: meaning of a dependent relative
Text updated following chapter re-publish.
Dispositions for the maintenance of the transferor’s family: care or maintenance of a dependent relative
Text updated following chapter re-publish.
Dispositions for maintenance of the transferor's family: maintenance of other people's children
Text updated following chapter re-publish.

published amendments

Holdings in Open End Investment Companies (OEICs) and Authorised Unit Trusts (AUTs)
Reference to Technical Group shortened to Technical.
Savings of individuals domiciled in Channel Islands or Isle of Man
Commentary in final set of bullet points updated.
Foreign `unsettled` property
Some links corrected or deleted.
Excluded property: introduction
Example updated with dates and names and some links changed.

published amendments

Spouse or civil partner exemption: definition of spouse and civil partner
New final paragraph added relating to the treatment of Court Orders.
Foreign settled property: identifying settled property
Text of example updated.
Foreign settled property: the settlor's domicile
Links updated and references to FA2006 trusts definitions added.
Foreign settled property: when the settlement was made
Example updated with names.
Foreign settled property: introduction
Typo corrected.
Text updated with references to FA 2006 trust terms.

published amendments

How Inheritance Tax is charged: contents
Link to IHTM04174 archived.
Dispositions not intended to confer bounty: application of the relief
Step-by-step guide republished to improve appearance.
Flowchart replaced by step-by-step guide.

published amendments

Lifetime transfers: associated operations: transfers involving relievable property
Outdated reference to USM removed.

published amendments

Requirement for a grant: background
Obsolete link in final paragraph deleted.
Exceptions where no grant is needed: small estates
Redacted text removed.

published amendments

Liability and payment of tax: contents
Section name changed from Discretionary trusts to Relevant property trusts.

published amendments

Agricultural tenancies: The Agricultural Holdings (Scotland) Act 2003
Typo corrected.

published amendments

Gifts for National Purposes: qualifying Bodies
Formatting amended to improve appearance of text on page.

published amendments

Assessing: examples of calculations: calculation where there is residence nil rate band
Minor formatting errors corrected (use of brackets).
Page republished to facilitate publication on GOV.UK.
Assessing: calculation principles: the tax calculation (death cases)
Reactivated link to IHTM31035 for GOV.UK.
Page updated to include references to residence nil-rate band.
Agricultural purposes: Set-aside scheme
Typo error in first bullet point corrected - 'sIHTA/84' changed to 'IHTA/84'.
Assessing: contents
Link added to new page IHTM31035

published amendments

Lifetime transfers: omissions: possible omissions of lifetime transfers
Reference to deleted section of IHT Manual removed.
Accountability: corrective accounts
Link to IHTM10701 reactivated for GOV.UK.

published amendments

Investigating the assets on page7 - Trust Income due to the deceased (box 75)
References to the correct box on IHT400 in the text added and additional links to Chapter 16 of the IHT Manual added.

published amendments

Communications: Handling of complaints/compliments: financial redress, interest remission and payments for worry and distress
Updating the complaints factsheet to complain about HMRC as per Sani Ahmed's update.

published amendments

Dispositions for maintenance of the transferor's family: meaning of incapacity
Link to IHTM04172 reactivated.
Link to IHTM04172 reactivated for interent version of Manual.
Text amended to give more clarification on meaning of 'incapacity'.
Dispositions for the maintenance of the transferor's family: definitions
Page republished again for formatting changes to improve appearance.
Formatting of page amended to improve appearance of text.
Dispositions for maintenance of the transferor's family: dispositions satisfying IHTA84/S11 in part
Minor typographical errors corrected.

published amendments

Inheritance Tax in HMRC: contents
Links to IHTM01025 archived.
Links to IHTM01023 archived.
Links to IHTM01012 archived.
IHTM01010 archived.
Inheritance Tax in HMRC: Customer Services work
Text updated following chapter re-publish.
Inheritance Tax in HMRC: How we are organised
Text updated following chapter re-publish.
Inheritance Tax in HMRC: Introduction
Text updated following chapter re-publish.

published amendments

Lifetime transfers: gifts with reservation (GWRs): the gift: examples of the property given - carve-out arrangements
Republished as changes not shown on GOV.UK version.
Previous example on business liabilities removed as considered to be incorrect. Previously witheld text also removed.

published amendments

Inheritance Tax in HMRC: contents
Links to headings archived: Service work, Risk work, Compliance, Technical and Trusts and Estates.
Links to IHTM01110 archived.
Links to IHTM01083 archived.
Links to IHTM01082 archived.
Links to IHTM01042 archived.
Links to IHTM01041 archived.
Links to IHTM01028 archived.
Links to IHTM01026 archived.
Inheritance Tax in HMRC: Customer Strategy and Tax Design work
Text updated following chapter re-publish.
Inheritance Tax in HMRC: Customer Compliance work
Amended title and short title following chapter re-publish.
Text updated following chapter re-publish.

published amendments

Discretionary trusts: Heritage
Time limit for making a claim at the final bullet point corrected.

published amendments

Gifts for National Purposes: procedure
Reference to 'the Board' changed to 'the Treasury' in final sentence.
Discretionary trusts: Heritage
Time limit in final bullet point corrected.

published amendments

Exemptions: conditional exemption
Correct time limit for making a claim under IHTA84/S30 added and formatting of page updated.
Gifts for National Purposes: qualifying Bodies
Reference to 'the Board' in 6th bullet point changed to 'the Treasury'.
Gifts for National Purposes: procedure
Reference in last sentence to 'the Board' changed to 'the Treasury'.
Discretionary trusts: Heritage
Time limit in final bullet point corrected.

published amendments

Succession: intestacy: distributions (England & Wales): issue
Link to IHTM11032 removed and late husband's name removed from example as could be confusing.
Succession: intestacy: distributions (England & Wales): other factors affecting surviving spouse's or civil partner's entitlement
Link to IHTM11032 removed.
Succession: intestacy: distributions (England & Wales): statutory legacy
Link to IHTM11032 removed.

published amendments

Foreign property: money from a life policy: policies under seal
First paragraph amended and expanded to reflect HMRC's revised treatment of specialty debts for Inheritance Tax purposes.
Foreign property: specialty debts: Treasury Bills, British Savings Bonds, National Savings Income Bonds
First sentence amended to reflect HMRC's revised treatment of specialty debts for Inheritance Tax purposes.
Foreign property: specialty debts: bonds and debentures under seal
New text added detailing HMRC's revised approach to the treatment of specialty debts for Inheritance Tax purposes.
Interest in unadministered estates and QSR: contents
Link to IHTM22044 archived.

published amendments

Calculating the RNRB: terms used: the 'taper threshold'
Amendment to correct figures in the example

published amendments

Calculating the RNRB: terms used: the 'default allowance'
Minor typos
Updates
Calculating the RNRB: terms used: the 'adjusted allowance'
Minor changes
Calculating the RNRB: terms used: the 'taper threshold'
Minor updates
Calculating the RNRB: terms used: 'residential enhancement'
remove comment box
Minor changes
Calculating the RNRB: introduction
Title change and remove grouping
Contents grouping
Minor changes
Basic definitions: 'Inherited'
Title tweak
Title change
Updates
Basic definitions: introduction
Title change and remove grouping
Content grouping
Basic principles: claims
remove team space
Basic Principles: how the RNRB is applied.
remove comment box
Title changes
Basic Principles: phasing-in RNRB
Removing comment box
Title changes
Basic Principles: general overview
Remove grouping
Content grouping
Title changes
Residence nil rate band: contents
Content grouping
Contents change
Calculating the RNRB: when is RNRB due?
Minor updates
Basic definitions: ‘Closely Inherited’
Title change
Basic definitions: the value of the estate ‘E’ and the value transferred on death ‘VT’
Title change
Basic Definitions: ‘Qualifying Residential Interest’ and ‘Residential Property Interests’
title change

published amendments

Calculating the RNRB: calculating the value of the QRI that is closely inherited
Amendment re reliefs
Removal of 'or reliefs' as this was incorrect.
Title tweak
Minor updates
Basic Principles: phasing-in RNRB
Title changes
Basic Principles: general overview
Title change
RNRB: glossary of terms
Re-oredered and hyperlinks added
Estates with conditionally exempt property
Remove comments box
Applying the RNRB to the estate: examples
Title change
Downsizing calculations: interaction with the taper threshold
Formatting changes
Downsizing calculations: where there is no residential property interest in the estate: calculating the downsizing addition
Title tweak
Formatting changes
Downsizing calculations: where there is no residential property interest in the estate: how to calculate the lost relievable amount
Formatting changes
Downsizing conditions: where there is a qualifying residential interest in the estate: calculating the downsizing addition
Minor tweaks
Downsizing Calculations: where there is a qualifying residential interest in the estate: how to calculate the lost relievable amount
Tweak to title
Page moved from IHTM46060
Page now moved to IHTM46061
Hyperlink updated
Correcting typo in title
Page moved to IHTM46061
Downsizing Calculations: overview
Title change
Page moved from IHTM46057
Page now moved to IHTM46060
Updating hyperlink
Page moved to IHTM46060
Residence nil rate band: contents
Removing pages which have moved
New pages added
Added pages
Downsizing Calculations: where there is a qualifying residential interest in the estate: conditions
Page moved from IHTM46059
Downsizing: disposals: qualifying former residential interest: property subject to a reservation of benefit
Title tweak
Downsizing: disposals: qualifying former residential interest: interest in possession trust
Title and minor tweaks
Downsizing: Disposals: qualifying former residential interest: disposal under contract
Title tweak
Downsizing: qualifying former residential interest (QFRI)
Minor changes
Downsizing: the closely inherited property
Minor changes
Downsizing: the property disposed of
Rewrite
Downsizing: general principles
Title tweak
Transfer of unused RNRB: effect of tapering
Capitalising page title
Transfer of unused RNRB: effect on available RNRB
Capitalised page ref
Transfer of unused RNRB: the brought-forward allowance: making a claim.
Re-written
Transfer of unused RNRB: the brought-forward allowance: method of calculation
General updates
Transfer of unused RNRB: the brought-forward allowance
General updates
More detailed guidance: direct descendants
Addition of new example
Calculating the RNRB: calculating the 'default allowance' and the 'adjusted allowance'
Title tweak
Minor updates
More detailed guidance: inherited
Mostly formatting changes
More detailed guidance: residence outside the UK
Minor changes
More detailed guidance: residence
Title change
More detailed guidance: dwelling-house
Slight changes
Calculating the RNRB: terms used: the 'default allowance'
Title tweak
Title tweak
Calculating the RNRB: terms used: the 'taper threshold'
Title tweak
Title tweak
Title tweak
Calculating the RNRB: terms used: 'residential enhancement'
Title tweak
Calculating the RNRB: terms used: the 'adjusted allowance'
Title tweak
Basic definitions: 'Inherited'
Title tweak

published amendments

RNRB: glossary of terms
Hyperlinks updated

published amendments

Residence nil rate band: contents
Minor
Transfer of unused RNRB: effect of tapering
Title typo corrected

published amendments

Foreign property: specialty debts: bonds and debentures under seal
New final paragraph added concerning the impact of the changes in Finance (No 2) Act 2017.