Commentary

I1.520 Calculation of tax

IHT, trusts and estates

I1.520 Calculation of tax

I1.520 Calculation of tax

The non-exempt whole or part of the estate on death is taxed at the full rate in the rate table current at the time of the death, although for deaths on or after 6 April 2012, there is a reduction in the rate to 36% where 10% or more of a deceased person's net estate is left to charities or CASCs1 (see I4.167). The cumulative total of lifetime chargeable transfers made by the deceased in the seven years preceding his death is aggregated with the estate, the estate being the top slice of that aggregate2 (see

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