transfer of value
1transfer of value — a disposition made by a person (the transferor) as a result of which the value of his estate immediately after the disposition is less than it would be but for the disposition, and the amount by which it is less is the value transferred. This… …
2Transfer-For-Value Rule — The stipulation that, if a life insurance policy (or any interest in that policy) is transferred for something of value (money, property, etc.), a portion of the death benefit is subject to be taxed as ordinary income. This portion is equal to… …
3transfer of value — The reduction in the value of a person s estate by a gratuitous transfer. Such transfers are subject to inheritance tax in most cases if made in a given period before the date of the donor s death …
4chargeable transfer of value — England, Wales A transfer of value made by an individual that is not (by virtue of Part II of the Inheritance Tax Act 1984) an exempt transfer (exempt transfer of value). Practical Law Dictionary. Glossary of UK, US and international legal terms …
5exempt transfer of value — (for inheritance tax) England, Wales A transfer of value (broadly, a gift) made in lifetime or on death that is exempt from inheritance tax. For example, gifts to certain favoured beneficiaries (beneficiary) such as a spouses, civil partners and… …
6exempt transfer of value (for inheritance tax) — England, Wales A transfer of value (broadly, a gift) made in lifetime or on death that is exempt from inheritance tax. For example, gifts to certain favoured beneficiaries (beneficia …
7value — val·ue 1 / val yü/ n 1 a: a fair return or equivalent in goods, services, or money for something exchanged received good value for the price b: valuable consideration at consideration …
8value transferred — The amount by which a donor s estate is diminished by making a transfer of value The term is used in the computation of inheritance tax …
9transfer value — Under the Pension Schemes Act 1993, leavers have certain protections as to continuing rights and options for dealing with their pension benefits if they change job. These include using the transfer value to buy an annuity from a pension company;… …
10transfer of assets — The conveyance of something of value from one person, place, or situation to another. Dictionary from West s Encyclopedia of American Law. 2005. transfer of assets The conveyance of something of val …
