What are the different types of trusts that can be used for inheritance tax planning?

... transferred during the lifetime of the PDP context. The following chargeable events are defined for PDP context charging: Start of PDP context. Upon ... Dec 5, 2023 ... A Potentially Exempt Transfer (PET), also known as a Lifetime Gift, is a gift that is not immediately chargeable to IHT but reduces the donor's ... Jul 6, 2023 ... A chargeable gain or loss applies to the sale or disposal of all chargeable assets. ... • How to make Chargeable Lifetime Transfers. • How can you ... Chargeable Lifetime Transfers (CLTs) are part of estate planning. Simply put, these are gifts made during your lifetime that are taxed if they exceed the nil ... Scottish Funding Council · EH30 9AA · 4 connections on LinkedIn. View Alan Dunbar's profile on LinkedIn, a professional community of 1 billion members. Nov 4, 2024 ... HMRC has indicated that VAT will be chargeable on the total value ... lifetime transfers into trust. Any unused allowance will not be ... Mar 8, 2024 ... Chargeable Lifetime Transfers (CLTs). A Chargeable Lifetime Transfer (CLT) is a transfer, made during lifetime, which is chargeable to IHT. purposes, a lifetime transfer that is not to an individual is almost always a chargeable lifetime transfer (CLT). Since. 2006 transfers into most lifetime. May 28, 2024 ... Chargeable Lifetime Transfers (CLTs) refer to a gift or transfer that does not qualify as a so-called Potentially Exempt Transfer (PET). Feb 24, 2025 ... A key feature of CLTs is the seven-year rule. If the donor lives for seven years after making the transfer, the gift can potentially avoid ...