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Inheritance tax: PET or CLT

Forums › ACCA Forums › ACCA TX Taxation Forums › Inheritance tax: PET or CLT

  • This topic has 0 replies, 1 voice, and was last updated 5 years ago by zodiac61.
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  • July 14, 2020 at 3:00 am #576744
    zodiac61
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    How does one posthumously decide whether a lifetime gift (i.e. an undervalued land sale to individuals) is a PET or a CLT?
    Who makes the decision? Is it the HMRC or the estate’s executors?

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