IHTM14451 - Lifetime transfers: gifts with reservation (GWRs): the reservation on insurance policies: introduction
»Ê¹ÚÌåÓýapp general reservation rules (IHTM14331) are supplemented for policies by a special rule aimed at PETA schemes (IHTM20410) and the original discounted gift schemes (IHTM20421).
Details of the special rule are explained at IHTM14452Ìý
»Ê¹ÚÌåÓýapp examples which follow illustrate both the special rule and the application of the general reservation rules to policies (IHTM14453).
You can also review examples 3 and 5 at the section dealing with the property given (IHTM14440).