4 articles tagged with Potentially Exempt Transfer.
Gifts can reduce your eventual Inheritance Tax bill, but only if you survive seven years, and the rules on annual exemptions and taper relief are widely misunderstood. Here's exactly how gifting works for 2026/27.
How potentially exempt transfers and the 7-year Inheritance Tax rule work in 2026/27 — taper relief, worked examples, and why gifts made shortly before death can still create a tax bill.
A precise worked example of how Inheritance Tax taper relief reduces tax on a lifetime gift made 3 to 7 years before death in 2026/27, and why it rarely helps as much as people expect.
IHT gift rules 2026: PETs, the 7-year rule, taper relief, annual exemptions, normal expenditure from income, CLTs and record-keeping for inheritance tax planning.
