What are the ongoing inheritance tax implications for discretionary trusts?

... lifetime (known as Potentially Exempt Transfers (PETs)). An exception ... Chargeable Lifetime Transfer (CLT)). Setting up a trust. Assuming you haven't ... The first situation is where a transferor makes a transfer of value during his lifetime, other than an exempt transfer (“a lifetime chargeable transfer”). Chargeable Lifetime Transfers (CLT). Which is the transfer of money or assets into a trust. The general rule is that a person can make a gift as a PET and ... These categories are Potentially Exempt Transfers (PETs) and Chargeable Lifetime Transfers (CLTs). Inheritance Tax exemptions can be achieved by means of making ... Dec 5, 2024 ... ... transfers); chargeable lifetime transfers where there is an immediate lifetime charge, so for example, when property is transferred into a trust. ... lifetime, the transfer is not a devise for purposes of s. 731.201(10) or s ... The family allowance is not chargeable against any benefit or share ... Apr 6, 2025 ... Lifetime gifts exempt from IHT; IHT reliefs; IHT on lifetime gifts (failed PETs); IHT on certain gifts to trust (chargeable lifetime transfers) ... 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 ... Chargeable Lifetime Transfer (CLT) ... Gifts such as transfers into discretionary trusts are Chargeable Lifetime Transfers (CLT). A CLT is a gift made during an ... Jun 2, 2023 ... Relief under TCGA 1992 s 260 ('s 260 relief ') is available on lifetime transfers that are immediately chargeable.