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Home / Simons-Taxes /IHT, trusts and estates /Part I3 Lifetime transfers /Division I3.1 The transfer of value /The transfer of value—overview / I3.111 The chargeable transfer
Commentary

I3.111 The chargeable transfer

IHT, trusts and estates

A chargeable transfer is defined as a transfer of value made by an individual which is not an exempt transfer (see Division I3.3)1.

A transfer of value is where there is a reduction in the value of an estate as a result of a person, 'the transferor' making a disposition (see I3.114)2.

For the details of the meaning of 'estate', see I3.211.

The concepts of an estate

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