How does the donee's base cost for capital gains tax purposes relate to the value at the time of the chargeable lifetime transfer?

On an individual's death, chargeable transfers to be cumulated include both immediately chargeable transfers ... chargeable lifetime transfer. The first spouse's ... ... lifetime (known as Potentially Exempt Transfers (PETs)). An exception ... Chargeable Lifetime Transfer (CLT)). Setting up a trust. Assuming you haven't ... charged on chargeable transfers which you make during your lifetime, as well ... by treating it as a chargeable transfer and cumulating with it any chargeable. What are the two main types of lifetime transfers relevant to inheritance tax (IHT)?. Potentially Exempt Transfers (PETs) and Lifetime Chargeable Transfers ... Chargeable Lifetime Transfer (CLT) ... Gifts such as transfers into discretionary trusts are Chargeable Lifetime Transfers (CLT). A CLT is a gift made during an ... Oct 26, 2021 ... For lump sum investments, the initial gift is a chargeable lifetime transfer for Inheritance Tax purposes. ... transfers into the trust will be ... Oct 30, 2024 ... ... transfers”); chargeable lifetime transfers where there is an immediate lifetime charge, so for example when property is transferred into trust. Mar 20, 2016 ... IHTM04067 - Lifetime transfers: what is an immediately chargeable transfer? · transfer into a relevant property trust, because the gift is not ... Chargeable lifetime transfers (CLTs). The most common type of CLTs are gifts to a discretionary trust or gifts to other trusts made on or after 22 March 2006. 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 ...