I5.1148 Transfer Of Chargeability To Settlor

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Commentary

IHT, trusts and estates

Provided the conditions at I5.1146 are met, chargeability is transferred from the subsequent recipient to the settlor in the following circumstances:

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(a)�� the subsequent recipient is a close family member of the settlor (see I5.1142) when the onward payment is made and either is UK resident and chargeable to tax on the remittance basis for the charging year or is non-UK resident for that year
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(b)�� (in a case where the subsequent recipient is UK resident and chargeable on the remittance basis) none, or part only, of

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E5.406A Employees of European Union institutions—tax exemptions

I4.265 Lifetime transfers reported late

I7.323 APR and successions

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

A4.214 Claims following further assessments—income tax and capital gains tax

C1.106A Annual exempt amount

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