I10.110A Potentially exempt transfers—those liable
The nature of a potentially exempt transfer is that no IHT is due unless the transfer becomes chargeable within seven years by the death of the transferor.
Where a disposition has been made (including any omission treated as a disposition)1 and the transfer becomes chargeable within that period then the following are liable for any IHT arising on the transfer.
- Ìý
(a)ÌýÌýÌýÌý The personal representatives of the transferor2.
- Ìý
The personal representatives are not primarily liable for any IHT on a failed PET. They will only become liable where no one in any of the other categories of persons below are liable
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