Al

Hello Just because a question contains the word "if" to describe a future event doesn't make it a hypothetical. My death is a future event but there is regrettably nothing hypothetical about it. Let me rephrase my question: Do gifts made while domiciled and resident outside the UK form a PET even when the donor subsequently becomes UK resident and domiciled withing 7 years of the gift or is the gift excluded from any calculation of IHT because it was made before the donor was subject to UK tax laws? Thanks

Regarding my questions: If I give my UK resident child $500,000 now while I'm resident outside the UK and next year I immigrate to the UK, does the gift still form a PET for a further 6 years or is the gift excluded from any calculation of IHT because it was made before the donor was subject to UK tax laws? If my UK child lent me $500,000 while I am still resident in Canada, would the value of the loan be excluded from my estate for IHT purposes if I subsequently immigrate to the UK, or would it be caught by anti-avoidance rules? Do you please have any suggestions as to where I can get them answered? The Inheritance Tax Team to which I was referred were not helpful, as they seem to regard any question about a future event, no matter how certain (such as death) as a hypothetical question and they refuse to address it.

I'm not sure what the point of this forum is. I was just told in response to my post :"Hi, "Please contact the Inheritance Tax team for advice". I have just been told in no uncertain terms that the Inheritance Tax Team will not (a) give advice (b) speak to people unless it is a query following an actual death. Also, the forum is not organised correctly with posted individual questions and then replies to them. Everything is posted as a reply to the posted heading.

If I give my UK resident child $500,000 now while I'm resident outside the UK and next year I immigrate to the UK, does the gift still form a PET for a further 6 years or is the gift excluded from any calculation of IHT because it was made before the donor was subject to UK tax laws? If my UK child lent me $500,000 while I am still resident in Canada, would the value of the loan be excluded from my estate for IHT purposes if I subsequently immigrate to the UK, or would it be caught by anti-avoidance rules?