Attribution process: introduction
When the required conditions are satisfied, instalments are available
- for the tax payable on the value transferred by the chargeable transfer
- which is attributable to the value of the qualifying property (IHTA84/S227 (1)).
How much of the tax qualifies for instalments? The attribution process can be illustrated by examples in respect of lifetime transfers (IHTA84/S30312) and transfers on death (IHTM30313).