Commentary

I1.507 Potentially exempt and immediately chargeable transfers

IHT, trusts and estates

I1.507 Potentially exempt and immediately chargeable transfers

I1.507 Potentially exempt and immediately chargeable transfers

If a transfer, not otherwise completely exempt (see I3.315), is a transfer of property to another individual absolutely, or to a trust for a disabled person, or a gift into a bereaved minor's trust on the coming to an end of an immediate post-death interest, it is 'potentially exempt'1 (see I3.311, I3.312). There can also be potential exemption for a transfer where no property changes hands but another individual's estate is increased2 (see I3.311). Potential exemption means that the transfer is free of IHT charge so long as the transferor is alive, and

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