Arford Henderson Law

Month: May 2020

potentially exempt transfer

How to get the most from a ‘potentially exempt transfer’?

This is a common way of gradually reducing your IHT liability. You don’t immediately incur Inheritance Tax when you make certain gifts while you’re alive. And if you continue to live more than 7 years after you’ve made the gift, it becomes fully exempt from Inheritance Tax. However, you must be sure that you can …

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