Generally, debts owed by the deceased (for a transfer on death) or attached to a transfer of an asset (for a lifetime transfer) are deductible from the transfer of value to quantify the value transferred. However, there are several types of debt which are not deductible.
Debts within FA 1986, s 103
These type of debts are debts which are derived from the transferor. They are not deductible. These debts
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