IHTM30074 - Definition and extent of liability (lifetime transfers chargeable when made): limitation on spouse's or civil partner's liability
The extent of the spouse바카라 사이트™s or civil partner바카라 사이트™s (IHTM11032) liability is limited to the least of
- the transferor바카라 사이트™s (IHTM30071) liability
- the market value of the assets acquired as at the time of the spouse or civil partner transfer
- the market value of the assets acquired as at the time of the chargeable transfer under consideration if the assets are still then owned by the spouse or civil partner, or the market value on an earlier qualifying sale (as defined in IHTA84/S131 (3) by the spouse or civil partner). This alternative applies only if the spouse or civil partner transfer was the earlier of the two, and if the assets acquired are not tangible movable property. The market value in view of IHTA84/S203 (3) is that found by the application of the 바카라 사이트˜fall in value relief바카라 사이트™ (IHTM14621) provisions of the Act as modified for this purpose by IHTA84/S203 (4).
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