I4.201 Exemptions on death―introduction

IHT, trusts and estates

I4.201 Exemptions on death―introduction

Division I4.2     Exemptions and reliefs on death

For updates affecting this Division please see Part I0 Updates

General exemptions available on death

I4.201 Exemptions on death―introduction

References to a transfer of value in the IHT legislation extend to transfers on death, because that is an event on which tax is charged as if a transfer of value had been made. As with lifetime transfers of value, transfers of value made on death can either be exempt or chargeable1 — IHTA 1984, ss 18–29A (Pt II, Ch I) deals with exempt transfers.

Some of the exemptions extend only to lifetime transfers, for

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