IHTA84/S262 provides that special rules apply for charging tax where:

there is a disposition which results in a transfer of value,

the disposition is made for partial consideration in money or money's worth, and

the transferor makes a payment more than one year after the disposition was made.

The application of these rules is explained in detail in the section that deals with lifetime transfers (IHTM14000).

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.