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Home / Simons-Taxes /IHT, trusts and estates /Part I3 Lifetime transfers /Division I3.1 The transfer of value /¶Ù¾±²õ±è´Ç²õ¾±³Ù¾±´Ç²Ô—t¾±³¾¾±²Ô²µ / I3.131 Date of a transfer of value
Commentary

I3.131 Date of a transfer of value


IHT, trusts and estates

I3.131 Date of a transfer of value

The date of a disposition is important for a number of reasons. For example, it may be necessary to determine:

  1. Ìý

    •ÌýÌýÌýÌý the cumulative total of chargeable transfers made by the transferor and thus the amount of tax due on that or on some other transfer

  2. Ìý

    •ÌýÌýÌýÌý the IHT rates which are to apply to a particular transfer (which will be those prevailing at the date of the transfer)

  3. Ìý

    •ÌýÌýÌýÌý when the duty to report the transfer arises

  4. Ìý

    •ÌýÌýÌýÌý the availability of the annual exemption (see I3.322) for this as opposed to some other transfer of value

  5. Ìý

    •ÌýÌýÌýÌý when the asset concerned is to be valued

  6. Ìý

    •ÌýÌýÌýÌý whether two transfers of value were made on the same day1 (see I3.525)

  7. Ìý

    •

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