What are the fundamental principles of taxation that should underpin the taxation of wealth transfer, both during lifetime and on death?

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] ... 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- ... 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 ... May 5, 2023 ... One of the main drawbacks is that it may involve complex legal documents, which can be challenging to navigate without proper guidance. Apr 24, 2024 ... A chargeable lifetime transfer is a gift made by an individual during their lifetime that is subject to IHT. All lifetime transfers are treated as potentially exempt transfers (PETs) unless the transfer is to a trust in which case it is a chargeable transfer. Do ... Feb 26, 2019 ... Chargeable Lifetime Transfer (CLT) ... This is one of the most commonly used gifts. Assets that are immediately chargeable to IHT are transferred ... The new capital transfer tax under the Finance Act of 1975 is chargeable on both lifetime transfers and on property left at death. The rules which apply to ... Dec 16, 2022 ... The Inheritance Tax rate for lifetime chargeable transfers is 20%. When making chargeable and potentially exempt gifts it is important to take ... 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 ...