Iht nil rate band

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June 5, 2017 at 2:03 pm #390525
b10tomling
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IHT: what happens if £400,000 is transferred and the transferor lives for greater than 7 years, is there any tax payable ie 400,000 less nil rate of 325,000 at 40%?

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June 6, 2017 at 3:00 am #390738
Tax Tutor
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If the transfer is a PET then NO IHT is payable if the transferor survives for more than 7 years.
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