IHTM30061 - Liability on lifetime transfers chargeable when made: introduction

Where the chargeable transfer is made by a disposition ( IHTM04023) of the transferor (and the transfer is neither a PET (IHTM30040) nor on cesser of an interest in possession in settled property (IHTM30090)), there may be two separate IHT charges to consider

• on the making of the chargeable transfer ( IHTM30062)

and

• an additional liability ( IHTM30041) on the death of the transferor within seven years.

Though the persons liable for both charges are specified in IHTA84/S199, there are important differences between the persons liable for the two charges, so they are dealt with separately.