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Liabilities: investigating form IHT419: purpose of S103 FA 1986

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PinkDalek
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Liabilities: investigating form IHT419: purpose of S103 FA 1986

#284795

Postby PinkDalek » February 16th, 2020, 8:04 pm

I'm merely posting this in the hope that I'll find it in the future, should it become relevant!

Liabilities: investigating form IHT419: purpose of S103 FA 1986
https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm28361

Debts owed by the deceased Schedule IHT419
https://assets.publishing.service.gov.uk/government/uploads/system/uploads/attachment_data/file/705315/IHT419_012018_online-v2.pdf

Which, on the first page, includes:

Gifts to, and loans from, the same person In some cases, special rules apply where the deceased has both borrowed money from someone and made a gift to that same person. These types of debts owed by the deceased are generally not allowed as deductions for Inheritance Tax purposes.

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