P518 Interaction of lifetime gifts followed by death (Bob Trunchion)
By Bob Trunchion, 16 minutes long
Seminar
Bob Trunchion runs through the rules relating to both potentially exempt and chargeable lifetime transfers which are followed by a subsequent death. He considers when an individual may want to make such transfers and why using a trust may be useful. He reminds us that when undertaking IHT planning, we made need to consider the period up to 14 years before the taxpayers death.