IHTM14151 - Lifetime transfers: schemes to exploit annual exemption: introduction

Some transferors make a series of transactions designed to exploit the annual exemption. These fall into two broad types of scheme:

• transfer of the property by way of sale (IHTM14152), but with the sale price unpaid and treated as a loan by the transferor which is then written off against the annual exemption, and
• annual transfers of portions of a property (IHTM14161) - the portions being equal to the annual exemptions.