http://www.legislation.gov.uk/ukpga/1984/51/section/1/2006-07-19Inheritance Tax Act 1984An Act to consolidate provisions of Part III of the Finance Act 1975 and other enactments relating to inheritance tax.1991-02-01texttext/xmlenStatute Law Database2024-08-022006-07-19PART I GENERAL Main charges and definitions1 Charge on transfers.F1Inheritance tax shall be charged on the value transferred by a chargeable transfer.