IHTM04070 - Lifetime transfers: what is the value transferred by an immediately chargeable transfer?

»Ê¹ÚÌåÓýapp value transferred (IHTM04028) is calculated by reference to the loss to the transferor’s estate (IHTM04054). However, note particularly the need to gross up (IHTM14541) the transfer if the transferor is paying the tax.