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Home / Simons-Taxes /IHT, trusts and estates /Part I3 Lifetime transfers /Division I3.5 Calculating the IHT on lifetime transfers /Lifetime transfers reported late / I3.552 Transfers reported late—one earlier transfer
Commentary

I3.552 Transfers reported late—one earlier transfer


IHT, trusts and estates

IHTA 1984, s 264(2) provides that where the earlier transfer is made within ten years before the later transfer, there is to be paid:

  1. Ìý

    •ÌýÌýÌýÌý the IHT which ought to have been paid on it at the proper time, and

  2. Ìý

    •ÌýÌýÌýÌý any additional IHT which would be payable on the later transfer by reason of the increase in the cumulative total1

It should

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