The last figure you need for your QSR (
IHTM22041) calculation is the amount by
which the earlier chargeable transfer (
IHTM04027) increased your deceased's
estate. In general this means the net value after tax of the
property that became the deceased's as a result of the earlier
chargeable transfer.
Where the earlier transfer was on death read the Will
carefully to ascertain the deceased’s entitlement. Check that
the deceased's benefits have not been altered by any codicil or
post- death change in distribution within IHTA84/S142 -147.
Whether the earlier transfer was lifetime or death, note the
burden of the tax (
IHTM22071) on the chargeable transfer.
When you have established what the deceased was entitled to,
you then have to quantify it (
IHTM22061).
