Transfers & PETs - Exploring the IHT ‘Backwards Shadow'

Introduction

The most commonly encountered type of chargeable lifetime transfer (‘CLT’) for private client practitioners is the transfer of assets to a trust (other than a gift made to a specific type of trust, such as a transfer to a disabled trust, which may still constitute a PET).

When your donor dies within seven years of the gift, you need to consider the backwards shadow.

This short webinar will explore what the backwards shadow is, when we need to consider it and how far reaching it is.

What You Will Learn

This webinar will cover the following:

• What is a CLT/IHT backwards shadow?
• What happens in life with a CLT?
• What happens in death with a CLT?
• The backwards shadow examples up to date for 2023

This webinar was recorded on 8th March 2023