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Inheritance Tax
October 2019
Making financial gifts
Inheritance Tax
October 2019
  Passing on your assets effectively whilst you’re alive Some people like to transfer some of their assets whilst they are alive – these are known as ‘lifetime transfers’. Whilst we are all free to do this whenever we want, it is important to be aware of the potential implications of such gifts with regard to Inheritance Tax. The two main types are potentially exempt transfers (PETs) and chargeable lifetime transfers (CLTs). Read full article

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