��Ƶ

Home / Simons-Taxes /IHT, trusts and estates /Part I9 Foreign element /Division I9.4 Locality (situs) of assets for IHT /Situs of other assets for IHT / I9.471 Situs of tangible movable property for IHT

I9.471 Situs of tangible movable property for IHT

IHT, trusts and estates

General rule

Chattels such as furniture and objets d'art and any type of goods, negotiable securities and cash are normally situated in the country where they are physically present at the relevant time¹.

Foreign-owned works of art situated in the UK for one or more of the purposes of public display, cleaning and restoration (and for no other purpose) are

View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial

TAKE A FREE TRIAL

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

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

I4.265 Lifetime transfers reported late

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

D7.1140 Methods of leaving the REIT regime

B5.123 BPS—negligible value claims

A1.810 Limitation

A4.557 Late filing penalties—company tax returns

B5.812A Particular charitable bodies

I4.562 Sales and mortgages of reversionary interests

D6.618 Capital treatment on a purchase of own shares—HMRC advance clearance and reporting obligations

C3.304 Rollover relief—expenditure on replacement assets qualifying for relief

E4.1118 Calculation and payment of tax due on retrospective income

B5.101 What is 'farming' and 'market gardening'

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

B2.472 Tax and tax-related expenditure

D6.330 Special situations involving a transfer of trade with common ownership—business of leasing plant or machinery

D6.233 Rights issue—sale of rights nil paid

D1.1422 Calculating NGIE and ANGIE

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