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potentially exempt transfers

Personal Inheritance Tax - Tax on gifts within seven years before death

Quite separately from tax on your estate, potentially exempt transfers and taxable gifts you made in the last seven years are reassessed on death and tax (or extra tax) may be due on them.

Personal Tax-free Gifts and Potentially Exempt Transfers (PETs)

When considering inheritance tax, if you do have some resources to spare, make as full use as possible of the annual £3,000 exemption, regular gifts out of income and such like.