On 1 April 2016 Sanjay settled £400,000 on discretionary trusts — the trustees paid the IHT.
He had made a CLT of £80,000 in 2013 and a PET of £90,000 in 2015. He had always used his annual exemptions.
In May 2018 the trustees advanced £100,000 gross to one of the beneficiaries.
In August 2018 Sanjay died.
Initial settlement (2016)
The
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