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IHT or CGT when dift

Bban12313y ago
Hello "Bon made a gift of shares of 1000 to her brother" is this captal gain tax or IHT PET? what is the difference at gift between CGT and IHT PET? Thanks
TTTax Tutor13y ago#1
In reality there is an immediate chargeable gain to compute based on the OMV of the shares and for IHT it is a PET but will only be charged to IHT if the donor dies within 7 years. This type of question is at P6 and IHT at F6 for the moment will be asked in isolation!
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