IHTM14531 - 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), and
• the rate of tax ( IHTM14534).