Chargeable gains

Conditional deathbed gifts

Contemplation of death, gifts made in

Definition

Essential elements

Generally

Inheritance tax

Tax burden, allocation among beneficiaries

Inheritance tax on (liability for)

Land

Meaning

No gain arising when made

Probate not required

Property not disposable by will

Subject matter, resorting to, meeting of liabilities

Use where no will in place

Valid property

Bonds

Chattels

Land

Mortgage securities

Negotiable instruments