IHTM14502 | Lifetime transfers: the charge to tax: cumulation

When you consider how to apply cumulation, there is a variety of factors for you to take into account. Your approach will depend on whether you are looking at

• the chargeable value of the death estate (IHTM14503)

• tax directly attributable to a Potentially Exempt Transfer (PET) (IHTM14513)

• tax on an immediately chargeable transfer (IHTM14533), or

• additional charges on an immediately chargeable transfer arising on death (IHTM14573)