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Home / Simons-Taxes /IHT, trusts and estates /Part I10 Liability and incidence /Division I10.2 Burden of tax /Burden of tax—overview / I10.202A Burden of tax for lifetime gifts

I10.202A Burden of tax for lifetime gifts

IHT, trusts and estates

Inter vivos gifts generally

A transferor who makes a chargeable transfer during his lifetime is liable both to pay the IHT in respect of that transfer to HMRC¹ (I10.111) and to bear the IHT.

He may agree with the transferee that the transferee shall pay and bear the tax but he remains liable to pay and, if he does pay, he has no charge on the property

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E4.507S Operation of the charge on securities with artificially enhanced market value

I7.333A Companies and replacement APR property

C1.106 Allowable capital losses

I7.323 APR and successions

I4.142A Liabilities which are not discharged out of the estate

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

B2.306 General tests for distinguishing between capital and revenue expenditure

D7.1140 Methods of leaving the REIT regime

E8.810 Application for a National Insurance number

A4.557 Late filing penalties—company tax returns

C3.304 Rollover relief—expenditure on replacement assets qualifying for relief

E4.1167 Payments made after leaving and after issue of form P45

B5.101 What is 'farming' and 'market gardening'

I5.1122 More than one settlor (income tax and CGT)

I5.1212 Protector of a foreign trust

E7.234 Other types of lifetime benefit lump sum

D6.711 Liquidation—capital gains implications

E3.192 CGT loss relief on disposal of EIS shares

D4.104 Company residence and the case law test

D1.1422 Calculating NGIE and ANGIE