Amount

Charitable gifts, lower rate tax

Conditions

Death

Generally

Increased value and subsequent death

Inheritance tax

Interest in possession

Reduction of amount

Reversionary interest disregarded

Settled property, interest in possession

Settlements

Several later transfers

Transfer on death

Calculation

Conditions

Excluded property

Generally

Gifts within seven years of death

Percentage

Proportionate increase not the same as proportion of tax paid

Settled and non-settled property