Related Commentary  Related HMRC Manuals

141(1)  Where the value of a person’s estate was increased by a chargeable transfer (“the first transfer” ) made not more than five years before–

(a)his death, or

(b)a chargeable transfer which is made by him otherwise than on his death and as to which the conditions specified in subsection (2) below are satisfied,

the tax chargeable on the value transferred by the transfer made on his death or, as the case may be, referred to in paragraph (b) above (“the later transfer” ) shall be reduced by an amount calculated in accordance with subsection (3) below.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.