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


Nov 1987
X makes a PET of cash of £95,000 to Y.
Dec 1987
Y makes a loan to X of £95,000.
May 1988
X makes a gift into discretionary trust of £20,000.
Apr 1993
X dies. His death estate is worth £182,000. A deduction of £95,000 is claimed for the loan from Y.

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