Exempt Lifetime Transfers

This webinar provides a clear introduction to the seven-year rule and the treatment of lifetime gifts for inheritance tax purposes, with a detailed examination of exempt lifetime transfers. It will cover the key exemptions, including the annual exemption, small gifts, gifts on marriage, normal expenditure out of surplus income, and gifts to charities, sporting clubs, political parties and similar bodies, equipping participants with a practical understanding of how exempt gifts operate for IHT.