伊人直播

Any FOTRA gilts (IHTM04291) that form part of an unadministered estate (IHTM22011) can qualify as excluded property on a transfer made by a person (IHTM04052) entitled to the whole or part of the unadministered estate. The exclusion will depend on the residence (IHTM04295) (and, where appropriate, the ordinary residence and domicile (IHTM04296)) of the person entitled to the interest in the estate.

Example

Simon dies leaving his residuary estate to Bethany and Carl equally. Before the estate has been administered, Carl - who is domiciled and resident abroad - assigns his interest in the estate to the trustees of a discretionary trust. At the time of the assignment the estate includes holdings of exempt securities and some other UK assets.

Carl鈥檚 assignment constitutes a transfer of value that is not a potentially exempt transfer (IHTM04057). For the purpose of determining the value transferred (IHTM04054) Carl鈥檚 interest in FOTRA gilts included in Simon鈥檚 estate is excluded property (IHTM04251) and the securities are therefore left out of Carl鈥檚 estate. The value is ascertained by reference to the remaining assets.