- 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.