A lifetime gift made by an individual on or after 18 March 1986 to 21 March 2006 was a ‘potentially exempt transfer’ if it was made in favour of another individual (absolutely or for life), an accumulation and maintenance trust, or a trust for the disabled (IHTA 1984, s. 3A(1)). From 22 March 2006, lifetime gifts to another individual, into a disabled trust (see ¶364-625), and into a bereaved minor's trust on the coming to an end of an immediate post-death interest (see ¶362-550) qualify as potentially exempt transfers (IHTA 1984, s. 3A(1A)). The concept of the ‘potentially exempt transfer’ is discussed in detail at ¶601-750ff.

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