Regulation 4 Avoidance of double charge: amounts to be calculated

Where these Regulations apply, amounts A and B must be calculated separately.

Amount A is the total tax chargeable as a consequence of the death of the deceased, but disregarding the value transferred represented by the relevant property (or by any property which, at the time of the death, represents the relevant property).

Amount B is the total tax chargeable as a consequence of the death of the deceased, but disregarding the value transferred by the transfer of value specified in regulation 3(2)(b).

The total tax chargeable is reduced to amount A or to amount B (whichever is the greater).