Apart from cumulation and tax rates as considered in I3.511, there are other sets of rules affecting the IHT charge on a potentially exempt transfer (PET) that becomes chargeable (a 'failed PET'), as follows:
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•ÌýÌýÌýÌý BPR or APR, which can cancel the IHT charge completely where the rate of relief is 100% — see I7.102 and I7.302.
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On the other hand relief that was applicable at the time of the transfer can be lost as a result of clawback (see I7.191 and I7.381). see the example below and the more extended example in I3.533).
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In
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