IHTM14531 - Lifetime transfers: the charge to tax: immediately chargeable transfers: introduction

As the name suggests, the tax charge on an immediately chargeable transfer (IHTM04067) arises at the time it is made. It does not depend on a death.

The due date for payment (IHTM30153) depends on the date of transfer.

The amount of tax payable depends upon

• the value for tax (IHTM14532)
• cumulation (IHTM14533),
• the rate of tax (IHTM14534).