Exempt transfers

Legislation/Regulatory – IHTA84 s. 21(1)
HMRC Guidance – IHTM14235 ; IHTM14250 ; IHTM14251 ; IHTM14255

Insurance premiums

Legislation/Regulatory – IHTA84 s. 21(2)

Life annuities

Legislation/Regulatory – IHTA84 s. 21(2)-(4)

Lifetime transfers

Back-to-back schemes, premium payments

Commentary – Tax Reporter ¶644-300

Description of exemption

Commentary – Tax Reporter ¶643-950
HMRC Guidance – IHTM14231 ; IHTM14251

Free loans

Commentary – Tax Reporter ¶644-250

Illustrative examples

Commentary – Tax Reporter ¶644-200

Interaction with other exemptions

Commentary – Tax Reporter ¶644-150

Life annuities, purchased

Commentary – Tax Reporter ¶644-350

Lifetime care plans

Commentary – Tax Reporter ¶644-050
HMRC Guidance – IHTM14250
Case Law – McDowall's Executors v IR Commrs

Made out of income, meaning

Commentary – Tax Reporter ¶644-050
HMRC Guidance – IHTM14250
Case Law – McDowall's Executors v IR Commrs

Maintenance of usual standard of living, meaning

Commentary – Tax Reporter ¶644-100
HMRC Guidance – IHTM14255

Normal expenditure, meaning

Commentary – Tax Reporter ¶644-000
HMRC Guidance – IHTM14243
Case Law – Nadin v IR Commrs

Property, use of

Commentary – Tax Reporter ¶644-250