Commentary

I3.132 Date of a composite disposition

IHT, trusts and estates

I3.132 Date of a composite disposition

I3.132 Date of a composite disposition

Dispositions effected by associated operations that are transfers of value are considered at I3.115. Once a disposition made up of several operations has been identified, there is then the question of when it is to be regarded as occurring for IHT charging purposes. The value transferred by associated operations is considered at I3.261–I3.266.

IHTA 1984, s 268(3) directs that where a transfer of value is made by associated operations carried out at different times it is to be treated as made at the time of the last of them1.

Example

If step A takes place in May 2017 and step B in May 2020 it

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