IHTM20410 | PETA schemes
From HM Revenue & Customs · Inheritance Tax Manual
These crop up rarely now since they only relate to the legislation that was in force before 18 March 1986.
If you come across a PETA scheme, you should ask the taxpayer or agent for full copies of
the Pure Endowment and Term Assurance policies
the trust documents
any other relevant documents
and then refer these to the Actuarial Team, who will advise on any queries and/or claims to raise.