Inheritance Tax Act 1984 Schedule 1A paragraph 10

General interpretation

Paragraph 10 of Schedule 1A provides definitions of key terms used throughout the Schedule when dealing with the deceased person (referred to as "D").

• The Schedule uses three key defined terms in relation to the deceased person, D.
• "The chargeable transfer" refers to the specific chargeable transfer that triggers the application of the Schedule.
• "The estate" means D's estate as it stood immediately before their death.
• "The relevant transfer" means the transfer of value that D is deemed to have made immediately before death — the standard deemed transfer that arises on death under the Inheritance Tax Act.