IHTM04261 - Savings of individuals domiciled in Channel Islands or Isle of Man - transfers before 6 April 2025

Until 6 April 2025, IHTA84/S6 (3) provided that certain savings or securities under 바카라 사이트 sponsored schemes were excluded property (IHTM04251) if the person (IHTM04052) beneficially entitled (IHTM04031) to them was domiciled听(IHTM13000) in the Channel Islands or the Isle of Man.听

The securities eligible for this exclusion from the tax charge were:

  • War Savings Certificates听

  • National Savings Certificates, including Ulster Savings Certificates; but not National Savings Income Bonds听

  • Premium Savings Bonds听

  • Deposits with National Savings Bank or with a Trustee Savings Bank听

  • Savings under any certified contractual savings scheme within S326 of the Taxes Act 1988 (commonly known as Save As You Earn or SAYE바카라 사이트痵cheme).听

Other points바카라 사이트痶o note are:

  • the exclusion applied not only to securities바카라 사이트痶hat were바카라 사이트痮wned by a domiciled Islander absolutely바카라 사이트痓ut also to any settled securities in which they had a qualifying바카라 사이트痓eneficial interest in possession (IHTM16062),听

  • the exclusion did not extend to settled securities held on바카라 사이트痳elevant property바카라 사이트痶rusts (IHTM42161),听

  • the relevant domicile听was that of the transferor (and not the transferee) of the securities, at the time of the transfer,听which must have been before 6 April 2025,听

  • by reason of IHTA84/S267 (2) the deemed domicile (IHTM13024) provisions did not apply.바카라 사이트�So听the transferor's domicile听has听to听be听determined听under general law.