These examples illustrate the points made in I10.209–I10.218.
Example 1—Calculating the burden of tax
X died on 5 June 2019 owning the following assets:
- Ìý
ÌýÌýÌýÌý Land in the UK worth £280,000, left to A.
- Ìý
ÌýÌýÌýÌý Foreign property worth £100,000, left to B.
- Ìý
ÌýÌýÌýÌý Foreign property worth £50,000, left to C. The legacy was declared by X's Will to be free of IHT.
- Ìý
ÌýÌýÌýÌý Other free estate in the UK valued at £330,000. X's Will left pecuniary legacies totalling £120,000.
X was also the joint owner of UK property, his share of which was valued at £40,000.
X had made no lifetime gifts, and no exemptions or reliefs were available on his death.
The IHT payable on X's death is:
| £ | £ |
| UK land | 280,000 | |
| Foreign property subject to tax | 100,000 | |
| Foreign property free of tax | 50,000 | |
| Other UK assets | 330,000 | |
| Joint property | 40,000 | |
| Total |
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