Related Commentary  Related CasesRelated HMRC Manuals

3A(1)   Any reference in this Act to a potentially exempt transfer is a reference to a transfer of value–

(a)which is made by an individual on or after 18th March 1986 but before 22nd March 2006; and

(b)which, apart from this section, would be a chargeable transfer (or to the extent to which, apart from this section, it would be such a transfer); and

(c)to the extent that it constitutes either a gift to another individual or a gift into an accumulation and maintenance trust or a disabled trust.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.