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Contents

Legislation

Inheritance Tax Act 1984

Crossheading Main charges and definitions

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Section 1 Charge on transfers.
Section 2 Chargeable transfers and exempt transfers.
Section 3 Transfers of value.
Section 3A Potentially exempt transfers.
Section 4 Transfers on death.
Section 5 Meaning of estate.
Section 6 Excluded property.
Section 6A “Long-term UK resident”: individuals
Section 6B “Long-term UK resident”: young persons
Section 6C “Long-term UK resident”: bodies corporate

Main charges and definitions
Charge on transfers.

Section 1 | Charge on transfers.

From legislation.gov.uk

Inheritance tax shall be charged on the value transferred by a chargeable transfer.^F1

Notes

F1
See Finance Act 1986 s. 100(1)and (2)—for any liability to tax arising on and after 25July 1986any reference in the legislation to capital transfer tax has effect as a reference to inheritance tax.