How might technological developments impact the administration and enforcement of inheritance tax on lifetime transfers?

A lifetime gift is immediately chargeable unless it is an exempt transfer or a potentially exempt transfer (PET) (section 2, Inheritance Tax Act 1984). The first situation is where a transferor makes a transfer of value during his lifetime, other than an exempt transfer (“a lifetime chargeable transfer”). Jul 28, 2023 ... Chargeable Lifetime Transfers. This type of transfer (into a trust) is usually described as a CLT and should be considered in line with long- ... 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. Mar 4, 2014 ... These include 'Potentially Exempt Transfers' (PETs) and 'Chargeable Lifetime Transfers' (CLTs). Consideration could been given to starting a ... Dec 15, 2024 ... Currently, non-UK domiciled individuals are only charged to IHT on chargeable lifetime transfers of UK assets or assets situated in the United ... Nov 21, 2024 ... Although some case law suggests that the donee of the lifetime transfer should pay the taxes, this result is at ... [Show full abstract] ... 2) Chargeable lifetime transfers. Any transfer that is made to a trust is a chargeable lifetime transfer (CLT). There is no legal definition of what a trust ... Mar 20, 2016 ... IHTM04067 - Lifetime transfers: what is an immediately chargeable transfer? · transfer into a relevant property trust, because the gift is not ... Oct 30, 2024 ... Chargeable lifetime transfers where there is an immediate lifetime charge e.g. transfer of property into a relevant property trust. What about ...