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IHT (7 yr accumulation)

This topic has 1 reply, 2 voices, and was last updated 13 years ago by Tax Tutor.

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June 4, 2011 at 6:22 pm #48920
daredevil87
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does 7 yr accumulation covers PET’s if so when ?
June 5, 2011 at 10:25 am #82977
Tax Tutor
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Yes if the PET has become chargeable as a result of death, So in lifetime calculations PET’s are not chargeable so no issue for 7 year cumulation but if they become chargeable as a result of death then yes.
Hope this helps
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