Additional charges arise where a transfer was
Initially you should recalculate the tax on the transfer as if it were a PET ( IHTM14513), at the full death rate. You then compare the
If the recalculated figure is higher than that at the time of the transfer,
If the recalculated figure is lower than that at the time of the
not repay the difference.
You can follow the examples later in this section.
The main factors affecting the recalculation are
If the chargeable transfer was made before 18 March 1986, you must only calculate additional tax if the transferor died within three years of the transfer.