Commentary

I3.259 Transfers made on the same day

IHT, trusts and estates

I3.259 Transfers made on the same day

I3.259 Transfers made on the same day

Where more than one lifetime chargeable transfer is made on the same day by the same person, the transfers are treated as made in the order which results in the lowest values chargeable, and subject to that treated as if made in a single combined transfer1. These rules are described in more detail, in the context of tax computation, in I3.524.

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