To my brother I loaned £10,000 about 10 years ago and have not demanded any repayment nor will I.
To my great nephew I loaned £4500 2 years ago. They wish to repay but I do not wish him to.
Perhaps these might be regarded as Gifts in my Estate ? I hope not.
I am single and find very few exemptions in Inheritance Tax Law for single people.
Thank you for that. Every time I read the regulations PET seem to be allowed to husbands, wives, children and grandchildren and not to siblings and nieces nephews.