Contributing author
MALCOLM GUNN CTA
For updates affecting this Division please see Part I0 Updates
Calculating the IHT on death
I4.161 Cumulation, tax rate and allocation of liability
Once the value of the death estate has been established, the next question is whether and, if so, to what extent, it is exempt. This is the subject-matter of Division I4.2.
If or in so far as a transfer is not exempt it is chargeable to IHT1.
Cumulation
The IHT on a chargeable transfer made on death is determined under the table of tax rates in force at the date of death2, and takes into account the cumulative total of chargeable transfers made by the deceased
To continue reading
View the latest version of this document, as well as thousands of others like it, sign in to Tolley+™ Research or register for a free trial
Web page updated on 17 Mar 2025 17:21