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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
, see all updates

- Lifetime transfers: the charge to tax: additional charges: the additional tax payable

The additional tax payable is the difference between:

  • the recalculated tax by reference to the transferor’s death, and
  • the lifetime tax already paid (or payable).

If the tax by reference to the transferor’s death is less than the lifetime tax already chargeable

  • no additional tax is payable, and
  • no tax is repayable.

The amount of the tax charge at the time of the transfer is not affected.