APPLICATION OF THIS SCHEDULE

Related Commentary  

1(1)  This Schedule applies if–

(a)a chargeable transfer is made (under section 4) on the death of a person (“D”), and

(b)all or part of the value transferred by the chargeable transfer is chargeable to tax at a rate other than nil per cent.

1(2)  The part of the value transferred that is chargeable to tax at a rate other than nil per cent is referred to in this Schedule as “TP”.

THE RELIEF

Related Commentary  Related HMRC Manuals

2(1)  If the charitable giving condition is met–

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