# The Inheritance Tax (Double Charges Relief) Regulations 1987, Part I


Jul 1987
A makes PET of £100,000 to B.
Jul 1988
A makes gift into discretionary trust of £95,000.
Tax paid £750
Jan 1989
A makes further gift into same trust of £45,000.
Tax paid £6,750
Jan 1990
B dies and the 1987 PET returns to A.
Apr 1991
A dies. His death estate of £300,000 includes the 1987 PET returned to him in 1990, which is still worth £100,000.

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Source: https://www.legislation.gov.uk/uksi/1987/1130/schedule/part/I (the official version)
Page: https://openlegislation.uk/inheritance-tax-double-charges-relief-regulations-1987/schedule/part-I
Contains public sector information licensed under the Open Government Licence v3.0. Source: legislation.gov.uk, The National Archives.