IHTM14701 - PETs: when double charges relief arises

The relief Inheritance Tax (Double Charges Relief) Regulations 1987 (SI1987/1130) Reg.4 covers cases where the deceased had made a PET ( IHTM14511) which has become chargeable, and immediately before the death was beneficially entitled to property which

• the deceased had acquired from the transferee otherwise than for full consideration in money or money’s worth

and

• is property transferred by the PET or represents that property

and

• is comprised in the deceased’s estate and is the subject of a chargeable transfer on death.

Apply the relief ( IHTM14692) in these circumstances as usual.