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HMRC internal manual

Inheritance Tax Manual

Lifetime transfers: associated operations: transfer in stages

A transfer may be effected in a series of stages. Typically successive portions of a property may be transferred, often annually. The portion may be calculated in a variety of ways: often it is a share equivalent in value to the amount of the annual exemption. This is sometimes referred to colloquially as ‘salami slicing’ (IHTM14161).