IHTM04112 - Heritage property: when a charge to tax arises

Where there has been a conditionally exempt transfer, tax may be subsequently payable on the first occurrence after the transfer (or if the transfer was a potentially exempt transfer, ( IHTM04057) on the first occurrence after the transferor’s death) of a chargeable event. The chargeable events are contained in

• IHTA84/S32 in connection with properties that are not associated ( IHTM04113) with each other, and
• IHTA84/S32A where the event concerns properties that are associated ( IHTM04115) with each other.

Because of the definition of a conditionally exempt transfer, the charging provisions of IHTA84/S32 and IHTA84/S32A only apply to chargeable events in relation to property conditionally exempted on a transfer on or after 7 April 1976.