IHTM14576 - Lifetime transfers: the charge to tax: additional charges: the additional tax payable

The additional tax payable is the difference between:

• the recalculated tax by reference to the transferor’s death, and
• the lifetime tax already paid (or payable).

If the tax by reference to the transferor’s death is less than the lifetime tax already chargeable

• no additional tax is payable, and
• no tax is repayable.

The amount of the tax charge at the time of the transfer is not affected.