Lifetime Gifts: IHT Issues


Professor Lesley King examines the various points that need to be considered when making lifetime with a view to reducing or eliminating the amount of inheritance tax payable on their death.

This webinar looks at:-

  • Using lifetime exemptions
  • Chargeable transfer or PET
  • Use of bare trusts
  • Avoiding reservation of benefit rules by the use of statutory exemptions
  • Possible DOTAS implications
  • Getting below the RNRB taper threshold
  • Importance of record keeping

Learning objectives

Those who watch this webinar will be able to:

  • Advise on the best use of lifetime exemptions
  • Identify situations where a bare trust is advisable
  • Identify situations where it is possible to derive a benefit from gifted property while avoiding the reservation of benefit rules
  • Identify issues to consider when making gifts to reduce an estate below the RNRB taper threshold
  • Advise on the need for careful record-keeping



Professor Lesley King of the University of Law is co-author of Wills, Taxation and Administration: A Practical Guide; A Modern Approach to Wills, Administration and Estate Planning (with Precedents);  A Practitioner’s Guide to Wills; Wills: A Practical Guide and editor of The Probate Practitioner’s Handbook. She is the wills and probate columnist for the Law Society Gazette, and writes and lectures extensively on wills, taxation and related matters.

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