Commentary

I10.209A Burden of tax on death for lifetime transfers

IHT, trusts and estates

I10.209A Burden of tax on death for lifetime transfers

I10.209A Burden of tax on death for lifetime transfers

IHT and additional IHT on lifetime transfers

Where IHT or additional IHT is payable as a result of the deceased's death within seven years of making a potentially exempt transfer (PET) or a chargeable transfer during his lifetime, the tax is not a testamentary expense because the chargeable transfer does not take place on death and the property concerned does not vest in the personal representatives (PRs). Instead the IHT must be borne by the property to which it relates1.

Gifts with reservation of benefit

Where IHT is due on property comprised

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