IHTM42086 – Ten year anniversary:
previous cumulative transfers for rate
The previous cumulative transfers, which use up the available
IHT threshold are:
1) Personal cumulative total (after 27 March 1974)
- The settlor’s personal cumulative
total of chargeable transfers made in the
seven years prior to the date of settlement, and
after 27 March 1974. (
IHTM42255)
- This amount does not fall out of cumulation by the
passage of time. It will be included in the calculation of every
TYA charge unless IHTA84/S67 applies. (
IHTM42090)
Plus
2) Cumulative proportionate charges
- The amounts on which any proportionate
charges were imposed in the
ten years before the present TYA.
