🎁 Gift & Timing Parameters
💡 Key HMRC 7-Year Principles
- PET Status: Transfers to living individuals become entirely tax-free if the donor survives 7 full years.
- Nil-Rate Priority: Lifetime gifts use the £325k Nil-Rate Band before the rest of the estate.
- Taper Relief: Only applies to tax due on gifts that exceed the available Nil-Rate Band.
Estimated Inheritance Tax on Gift
£0.00
£0.00 saved via taper relief & exemptions
Effective Tax Rate: 0.0%
Status: Fully Exempt
HMRC Taper Relief Schedule (Gifts over NRB)
< 3 Years
40%
0% relief
3–4 Years
32%
20% relief
4–5 Years
24%
40% relief
5–6 Years
16%
60% relief
6–7 Years
8%
80% relief
Transfer Figures & Allowances
Gross Gift
£0.00
Exemption Used
£0.00
NRB Covered
£0.00
Taxable Balance
£0.00
📋 Detailed Tax Calculation Steps
✅ Zero Tax Obligation: This transfer is completely free of UK Inheritance Tax liability.
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