How can family investment companies be used in inheritance tax planning?

Lifetime transfers. Once your total chargeable lifetime transfers in the last seven years has exceeded the IHT threshold of £325,000, tax will become payable ... A chargeable lifetime transfer is not conditionally exempt from inheritance tax. For example, if it's covered by the nil rate band and the donor survives at ... Feb 25, 2025 ... Triggering a chargeable lifetime transfer if the client has a reasonable expectation of surviving seven years will result in the effective IHT rate on the AIM ... Dec 6, 2021 ... A chargeable lifetime transfer is in effect a transfer of value (generally in the form of gifts to property trusts or companies) that are ... Combining outright gifts (PETs) with chargeable lifetime transfers (CLTs). When combining PETs with CLTs and exempt transfers it is important to bear in mind ... Feb 25, 2025 ... If a discretionary trust is created to hold the life insurance policy, this is a chargeable lifetime transfer (CLT). A CLT is not chargeable up ... Jan 28, 2021 ... A transfer into trust is a 'lifetime chargeable transfer' for inheritance tax (IHT) purposes. It is also a chargeable disposal for capital ... Dec 12, 2024 ... Any tax charge (but not the value transferred) is reduced by taper relief as set out above. Chargeable lifetime transfers which are not PETs are ... Principles of calculation The IHT rates The IHT rates for lifetime transfers differ from those applied to transfers on death. Specifically, the lifetime tax ... Transfer or a Chargeable Lifetime Transfer. A Potentially Exempt Transfer (PET) is a gift which is exempt after 7 years. There is no immediate charge to tax.