We'd like to remind Forumites to please avoid political debate on the Forum. This is to keep it a safe and useful space for MoneySaving discussions. Threads that are - or become - political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.

Potentially Exempt Transfers

Hitting
Hitting Posts: 191 Forumite
Part of the Furniture 100 Posts Combo Breaker
in Cutting tax
Does the 7 year rule applicable to a PET refer to Tax years or Calender years?

Comments

  • kidmugsy
    kidmugsy Posts: 12,709 Forumite
    Part of the Furniture 10,000 Posts Name Dropper Combo Breaker
    Hitting wrote: »
    Does the 7 year rule applicable to a PET refer to Tax years or Calender years?

    It refers to elapsed time. If you make a gift on 1/7/13 and live to 1/7/20, you're in the clear. Or so I've always understood.
    Free the dunston one next time too.
This discussion has been closed.
★ ★ ★ Meet your Ambassadors

Categories

  • All Categories
  • 347.9K Banking & Borrowing
  • 252K Reduce Debt & Boost Income
  • 452.2K Spending & Discounts
  • 240.4K Work, Benefits & Business
  • 616.5K Mortgages, Homes & Bills
  • 175.4K Life & Family
  • 253.6K Travel & Transport
  • 1.5M Hobbies & Leisure
  • 16K Discuss & Feedback
  • 15.1K Coronavirus Support Boards

Is this how you want to be seen?

We see you are using a default avatar. It takes only a few seconds to pick a picture.
Update Your Picture