In this Issue Issue 205 March 2025 Updated in this issue: A5 Overview of current IHT regime C1 The transfer of value C2 Value transferred by a transfer of value C3 Exemptions and reliefs for lifetime transfers C5 Calculating the IHT on lifetime transfers C7 Pre-owned assets tax (POAT) D1 The charge to IHT on death D1A Calculation of IHT on death D2 Exemptions and reliefs on death D4 Post-death rearrangement F1 Close companies G1 Business property relief (BPR) G3 Agricultural property relief (APR) G5 The conditional exemption for heritage property H2 Principles of valuation H3 Valuation of particular types of property J2 Domicile and residence for IHT J4 Locality (situs) of assets K1 Liability L2 Accounts, returns and information L4 Payment of IHT L7 Penalties Z1 IHT data and checklists