A guide to gifts and exemptions from inheritance tax

We compare exempt, chargeable and potentially exempt tax transfers

April 2020

Barry Foster

Vice President, Strategic & Technical Sales

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95 MINS STRUCTURED CPD

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Risk Disclaimer

This content is based on our understanding of legal and tax regulations and practice at the time of writing (April 2020). It has been produced for information only. We do not provide tax, accounting, regulatory or legal advice. No action must be taken or refrained from being taken based on this content alone. Tax allowances are subject to change and tax treatment depends upon individual circumstances. Case studies are for illustrative purposes only.

Key takeaways:

  • The difference between exempt, chargeable and potentially exempt transfers
  • The inheritance tax (IHT) position in lifetime and on death
  • The order of gifts and how it affects multiple lifetime transfers

We compare exempt, chargeable and potentially exempt tax transfers.

Download the PDF for a number of case studies looking at the IHT position at different stages and the planning options regarding gifting and lifetime transfers.

Risk Disclaimer

This content is based on our understanding of legal and tax regulations and practice at the time of writing (April 2020). It has been produced for information only. We do not provide tax, accounting, regulatory or legal advice. No action must be taken or refrained from being taken based on this content alone. Tax allowances are subject to change and tax treatment depends upon individual circumstances. Case studies are for illustrative purposes only.

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