Charitable gifts, lower rate of tax

Legislation/Regulatory – IHTA84 Sch. 4, para. 14(2A)

Conditionally exempt transfers

Legislation/Regulatory – IHTA84 Sch. 4, para. 3(3)

Directions

Commentary – Essential Tax Companion ¶16905

Election by trustees to avoid charge on settlor

Commentary – Essential Tax Companion ¶62355

Exclusion of exemptions

Legislation/Regulatory – IHTA84 s. 56

Exempt transfers

Conditions for

Legislation/Regulatory – FA85 s. 95 ; IHTA84 Sch. 4, para. 2(1), 3(1)

Generally

Commentary – Essential Tax Companion ¶62625
Legislation/Regulatory – IHTA84 s. 27
HMRC Guidance – CG73400 ; IHTM11014 ; IHTM11026 ; IHTM11164 ; IHTM11250 ; IHTM14318 ; IHTM16084 ; IHTM26003

Time-limit for transfers

Legislation/Regulatory – FA98 s. 144 ; IHTA84 s. 27(1A)

Exit charge

Commentary – Essential Tax Companion ¶62360

Generally

Commentary – Essential Tax Companion ¶16900

HMRC's directions

Legislation/Regulatory – FA85 s. 95 ; IHTA84 Sch. 4
HMRC Guidance – IHTM35182 ; IHTM45051 ; TSEM5800

Information, provision of to HMRC

Legislation/Regulatory – FA85 s. 95 ; IHTA84 Sch. 4, para. 6

Interest in possession

Generally

Legislation/Regulatory – IHTA84 Sch. 4, para. 15A

Relief property entering

Legislation/Regulatory – IHTA84 s. 57A, Sch. 4, para. 15A

Property becoming comprised in fund

Legislation/Regulatory – IHTA84 Sch. 4, para. 16-18

Property leaving fund

Charge to tax

Legislation/Regulatory – IHTA84 Sch. 4, para. 8

Exceptions from charge to tax

Legislation/Regulatory – IHTA84 Sch. 4, para. 9, 10

Property leaving, charge

Commentary – Essential Tax Companion ¶62630

Rates of tax

Generally

Legislation/Regulatory – IHTA84 Sch. 4, para. 11-15

Reduction in

Legislation/Regulatory – IHTA84 Sch. 2, para. 6

Resident trustees

Legislation/Regulatory – IHTA84 Sch. 4, para. 2(2)

Transfer to charity

Legislation/Regulatory – IHTA84 s. 76

Treasury directions

Legislation/Regulatory – IHTA84 Sch. 4, para. 1

Trustees of

Legislation/Regulatory – IHTA84 Sch. 4, para. 2(1)(b)

Trusts, enforcement of by HMRC

Legislation/Regulatory – FA85 s. 95 ; IHTA84 Sch. 4, para. 7

Withdrawal of direction

Legislation/Regulatory – FA85 s. 95 ; IHTA84 Sch. 4, para. 5