Sentence examples for potentially exempting from inspiring English sources
[Here, she was using the same basic argument that Republicans do against taxes that are targeted at the rich: saying that 'Small businessmen' - here 'firefighters' etc. - will get hit hard by this new tax.' This is a standard conservative debating tactic that she was using, to deceive the audience against a progressive proposal.]... OBAMA: That's why I would look at potentially exempting [them].
As their name says, these are only potentially exempt from IHT.
You can hand over as much as you want, to anyone you want, in the form of "potentially exempt transfers".
Payments into trusts for someone who is disabled and certain trusts for children are potentially exempt transfers.
Potentially exempt transfers These are gifts that will be added to your estate if you die within seven years of making them.
Neither does Canada or Britain, but Britain treats some gifts as "potentially exempt transfers," said Peter McGahan, managing director of Worldwide Financial Planning in Cornwall, in southwest England.
Any large, outright gifts are treated as Potentially Exempt Transfers (PETs) which means that there could be a liability to IHT if you die within seven years of making the gift.
Until then it is known as a "potentially exempt transfer" and may fall back into your estate and be liable for IHT if your estate's value exceeds the nil-rate band when you die (although taper relief reduces the bill).
By Dalton's calculations, Citicorp's potentially exempt income appears to be not much more than its 72-cent annual dividend.
If they are exempted, potentially trillions of dollars worth of transactions could avoid the exposure — and stability — that comes with exchange trading.
Broadcom has floated a proposal to redomicile to the United States, which would potentially make it exempt from CFIUS (though there is serious debate on this point).
