PET made within seven years of death: tapering relief

If you die between three and seven years after making the gift, IHT is reduced as follows:

Time between date of gift and date of death charged effective rate
Between 0 and three years 100% 40%
Over three but less than four years 80% 32%
Over four but less than five years 60% 24%
Over five but less than six years 40% 16%
Over six but less than seven years 20% 8%