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HMRC internal manual

Inheritance Tax Manual

Lifetime transfers: the charge to tax: cumulation

When you consider how to apply cumulation, there is a variety of factors for you to take into account. Your approach will depend on whether you are looking at

  • the chargeable value of the death estate (IHTM14503)
  • tax directly attributable to a Potentially Exempt Transfer (PET) (IHTM14513)
  • tax on an immediately chargeable transfer (IHTM14533), or
  • additional charges on an immediately chargeable transfer arising on death (IHTM14573)