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HMRC internal manual

Inheritance Tax Manual

From
HM Revenue & Customs
Updated
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Step 4 - four stage grossing calculations: stage 1

Gross up the chargeable specific gifts (IHTM26011) not bearing their own tax at the rate appropriate to their total value.

This is the same calculation as the simple grossing calculation (IHTM26141) where the only chargeable gifts are specific gifts not bearing their own tax (IHTM26123).

This is the only step you need to take if either

  • the specific gifts not bearing their own tax are the only chargeable gifts, specific or residuary, at the same title (IHTM26211), or
  • the date of death is on or after 15 March 1988 and the lifetime cumulative (IHTM31413) total exceeds the threshold at the date of death