IHTM09733 - Related property: definition of related property

Property (IHTM04030) is related to property in a person바카라 사이트™s estate (IHTM04029) if:

  • it is comprised in the estate of that person바카라 사이트™s spouse or civil partner (IHTM11032), or

  • it is or has within the previous 5 years been the property of

    • a charity (IHTM11101), or held on trust for charitable purposes
    • a qualifying political party (IHTM11191)
    • a registered housing association (IHTM11211), with effect from 14 March 1989
    • one of the bodies and institutions (IHTM11221) listed in schedule 3, or a body to which IHTA84/S26 applies

and became so following an exempt transfer by the deceased, transferor or that person바카라 사이트™s spouse or civil partner after 15 April 1976.

For the purposes of transfers to a charity or one of the other bodies listed above,whether a particular person is another바카라 사이트™s spouse or civil partner depends on that person바카라 사이트™s status at the date of the transfer that is being valued and not the earlier exempt transfer.

If a charity or other body sells on the assets transferred to them to another such body, then

  • the property would no longer be the property of a qualifying body, and
  • the 5 year period would start to run from the date of the sale.