ihta84/s1.- Charge on transfers.

Main charges and definitions

[1975 s.19(1).]

1. [Inheritance tax ¹] shall be charged on the value transferred by a chargeable transfer.

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