I3.131 Date of a transfer of value

IHT, trusts and estates

I3.131 Date of a transfer of value


I3.131 Date of a transfer of value

The date of a disposition is important for a number of reasons. For example, it may be necessary to determine:


    •     the cumulative total of chargeable transfers made by the transferor and thus the amount of tax due on that or on some other transfer


    •     the IHT rates which are to apply to a particular transfer (which will be those prevailing at the date of the transfer)


    •     when the duty to report the transfer arises


    •     the availability of the annual exemption (see I3.322) for this as opposed

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