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HMRC internal manual

Inheritance Tax Manual

Lifetime transfers: specific lifetime reliefs: taper relief: period of survival

Calculate the period of the deceased’s survival from the date of the lifetime transfer.

If the death occurs on an anniversary of the making of the transfer, treat it as having been made in the next year.


In the case of a transfer on 7 April 2007 and the death of the transferor on 7 April 2012, the death occurs in year 5-6. Tax is charged on the transfer at 40% of the appropriate full rate.