November 14, 2023 | Mercers Solicitors
What is a GROB (Gift with a Reservation Of Benefit)?
Ordinarily, when an individual (the donor) makes a gift*, it is considered to be a Potentially Exempt Transfer (PET) for Inheritance Tax (IHT) purposes. If the donor dies within seven years, the PET is taken into account on death and tax is calculated accordingly. If the donor survives for seven years, the PET can be […]