PET

Potentially exempt transfer: a gift that is not immediately chargeable to inheritance tax, but will become chargeable if the donor dies within seven years of making the gift.

Privacy Overview

This website uses cookies so that we can provide you with the best user experience possible. Cookie information is stored in your browser and performs functions such as recognising you when you return to our website and helping our team to understand which sections of the website you find most interesting and useful.