A transfer of value1 is an exempt transfer to the extent that the value transferred is attributable to property which becomes comprised in the estate of the transferor's spouse or civil partner or, so far as the value is not so attributable, to the extent that that estate is increased2.
If, immediately before the transfer, the transferor but not the transferor's spouse or civil partner is domiciled3 in the United Kingdom the value in respect of which the transfer is exempt (calculated as a value on which no tax is chargeable) must not exceed the exemption limit
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