Lifetime transfers are one of the most straightforward ways to make sure inheritance tax isn't charged unnecessarily on your death. Potentially Exempt Transfers (PETs) are a type of lifetime transfer that can be beneficial for IHT.
For a PET to be fully exempt from IHT you must survive 7 years, so in this video I explain the 7-year rule and how taper relief is applied.
Other videos you might be interested in:
What is Inheritance Tax and how much is it? – [ Ссылка ]
How the Residence Nil Rate Band tapers for estates over £2m – [ Ссылка ]
Thanks for checking out my YouTube channel - I’m Justin King and my aim is to help people to live successful lives.
If you enjoy this video, please press the like button to help more people like you find my channel.
If you're planning your retirement and want to make the best use of your wealth to provide for your family throughout retirement and beyond, or work out how best to pay for a loved one’s care, I may be able to help you.
As a Chartered Financial Planner at boutique retirement planning practice, MFP Wealth Management, I help successful people retire with complete financial confidence.
To explore whether I could help you, get in touch at [ Ссылка ].
Connect with me:
On Twitter: [ Ссылка ]
On LinkedIn: [ Ссылка ]
Or check out my podcast: [ Ссылка ]
This video is for information and entertainment only. Nothing on this channel constitutes financial advice. Please do not make any decisions based on the contents of my videos; seek professional independent financial advice first!
