Skip to content
Solved

IHTM14873 | Lifetime transfers: future payments: exemptions

From HM Revenue & Customs · Inheritance Tax Manual

It follows that by treating the future payments as separate dispositions, the question of any exemption must be considered at the time of each payment.

Accordingly, the annual (IHTM14141), small gifts (IHTM14180), or normal expenditure out of income (IHTM14131) exemptions may be available on each disposition.