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Home / Simons-Taxes /IHT, trusts and estates /Part I3 Lifetime transfers /Division I3.2 Value transferred by a transfer of value /Deductions from an estate / I3.233 Notional liabilities

I3.233 Notional liabilities

IHT, trusts and estates

Notional costs of sale are not deductible from the values of the assets in an estate, even if the asset is land subject to a trust for sale. This is because the value for IHT is

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I4.265 Lifetime transfers reported late

C1.106 Allowable capital losses

A4.204 Claims procedure—corporation tax

D1.8101 Groups of companies

B5.301 Intellectual property—overview

B2.218 Surplus business accommodation

I3.367 Fall in value relief—changes in interests in land

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

E4.11120 Additional annual returns by employers—overview

D7.1140 Methods of leaving the REIT regime

C1.213 Liability to tax on chargeable gains—trustees in bankruptcy

E4.622 Vans—main rules

C2.201 Allowable expenditure for capital gains—overview

C2.1168 Property rich collective investment vehicles—ceasing to meet the exemption election requirements

I7.120A BPR and excepted assets

C3.305 Rollover relief—time limit for acquisition of replacement assets

E3.192 CGT loss relief on disposal of EIS shares

I5.1304 Beneficiary with contingent interest

D1.1422 Calculating NGIE and ANGIE

E6.102K Statutory residence test—the definition of a 'home'