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Potentially Exempt Transfers

Browse all articles in the Potentially Exempt Transfers tag

Tax and Accounting

Everything That You Need To Know About Potentially Exempt Transfers (PETs)

Everything That You Need To Know About Potentially Exempt Transfers (PETs)

May 12, 2023

Amidst plans of the UK prime Minister regarding introducing a cut into the inheritance tax (IHT) of the United Kingdom, it is essential to understand that some lifetime gifts are exempted. You may already know that inheritance tax is the tax levied on all the property, possessions or money of someone who has died and… View Article