Commentary

I1.515 The deemed transfer on death

IHT, trusts and estates

I1.515 The deemed transfer on death

The IHT charge on death

I1.515 The deemed transfer on death

On the death of any person IHT is charged as if, immediately before his death, he had made a transfer of value and the value transferred by it had been equal to the value of his estate immediately before his death1 (see I4.101). 'Estate' in this context means the aggregate of a person's property to which he is beneficially entitled, including settled property to which he is treated as beneficially entitled2 (see I3.211, I4.111–I4.114), where appropriate valuing property in the estate in aggregation, but excluding excluded property (see

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