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Home / Simons-Taxes /IHT, trusts and estates /Part I1 Outline of and history to current IHT regime /Division I1.1 A brief history of inheritance taxes /A brief history of inheritance taxes / I1.118 Estate duty—transitional provisions

I1.118 Estate duty—transitional provisions

IHT, trusts and estates

There are several areas where estate duty is still relevant these are discussed below. The interaction with transferable nil rate band is covered at I1.119.

Conditional exemption¹

Conditional exemption existed under the estate duty regime and provided for estate duty to be deferred for works of art, manuscripts and other items of national, scientific, historic or artistic interest provided that certain undertakings were given².

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B6.749 ATED—property developers

C3.1814A CGT exempt assets—qualifying corporate bonds (QCB)

E6.303A Domicile of origin

A4.214 Claims following further assessments—income tax and capital gains tax

D7.1140 Methods of leaving the REIT regime

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

E4.622 Vans—main rules

I4.562 Sales and mortgages of reversionary interests

I5.251 Absolute entitlement by the life tenant

C2.1231 Leases—deemed premiums

E4.1118 Calculation and payment of tax due on retrospective income

E4.1146 The PAYE cumulative basis—overview

B2.319 Duality of purpose—apportionment of the expenditure

I7.120A BPR and excepted assets

D3.410 Benefits provided by close companies to participators

D1.1061 Substantial shareholding exemption—interaction with other reliefs

D6.711 Liquidation—capital gains implications

C2.1016 Option to subscribe for shares in a company (share warrants)

B2.472 Tax and tax-related expenditure

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery