Chapter-2 : Potentially Exempt Transfers (PETs) and the seven-year rule

Category Personal Tax Inheritance Tax (IHT) → Gifts & Lifetime Transfers Chapter-2 : Potentially Exempt Transfers (PETs) and the seven-year rule

Chapter-2 : Potentially Exempt Transfers (PETs) and the seven-year rule

There are specific rules regarding the liability to Inheritance Tax (IHT) on gifts made during a person's lifetime. In most...

London IHT exempt gifts advice
Guide

Gifts exempt from inheritance tax

February 20, 2025

Navigating the intricacies of Inheritance Tax (IHT) can be daunting, but understanding the available gift exemptions and strategic planning can...

London significant gift tax advice
Guide

Considering a significant gift?

July 25, 2024

There are special rules concerning the liability to IHT of a transfer made during one-s lifetime. For example, most gifts...