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词汇 potentially exempt transfer
释义

Definition of potentially exempt transfer in English:

potentially exempt transfer

noun
British Finance
  • A gift made from one person to another which is exempt from inheritance tax provided the donor survives for seven years after the gift is made; abbreviated PET.

Origin

1980s; earliest use found in Bill 117.

Definition of potentially exempt transfer in US English:

potentially exempt transfer

noun
British Finance
  • A gift made from one person to another which is exempt from inheritance tax provided the donor survives for seven years after the gift is made; abbreviated PET.

Origin

1980s; earliest use found in Bill 117.

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