IHTM14531 | Lifetime transfers: the charge to tax: immediately chargeable transfers: introduction

As the name suggests, the tax charge on an immediately chargeable transfer (IHTM04067) arises at the time it is made. It does not depend on a death.

The due date for payment (IHTM30153) depends on the date of transfer.

The amount of tax payable depends upon

• the value for tax (IHTM14532)

• cumulation (IHTM14533),

• the rate of tax (IHTM14534).