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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 / I3.235 Statute barred and unenforceable debts

I3.235 Statute barred and unenforceable debts

IHT, trusts and estates

Payment of a statute barred debt is prima facie a transfer of value, but HMRC practice is to allow a deduction for these provided the debt would have qualified for deduction had it not been out of time, and is actually paid¹.

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

B3.325 General exclusions—first-year qualifying expenditure

D1.8101 Groups of companies

B5.301 Intellectual property—overview

B3.340A Hire purchase of plant and machinery and similar contracts

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

E8.810 Application for a National Insurance number

A1.810 Limitation

B5.812A Particular charitable bodies

B5.820 Charity's profits of trade—general liability to income tax

C2.201 Allowable expenditure for capital gains—overview

C2.902 Wasting assets—wasting of allowable expenditure

B2.315 The concept of wholly and exclusively

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

D3.410 Benefits provided by close companies to participators

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

I11.215 IHT accounts—excepted settlements

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

C2.1173 Interaction of the exemption election regime with other capital gains exemptions

C3.1706 PPR relief where there is job-related accommodation