| Title | : | Gifts And Inheritance Tax: 7 Year Inheritance Tax Rule UK |
| Lasting | : | 5.43 |
| Date of publication | : | |
| Views | : | 4,4 rb |
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I give £3k each year and my son puts in ISA The aim is to leave £650k to son and rest to wife For bigger lifetime gifts to him I was advised to have 7 year life assurance written in Trust to cover any potential liability if you do not live 7 years Comment from : @neilsmith154 |
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What about stamp duty or capital gains Comment from : @colindeavin851 |
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If i gift my daughter a property does she pay stamp due on the transfer Comment from : @leobrown6875 |
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Inheritance tax is theft by the uk goverment Comment from : @jbarea2080 |
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Isn't the sliding scale reduction on amounts above 325k only? Comment from : @ymwan |
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What about gifting a house to a family member that is rented, well in advance of the 7yrs That’s over that threshold Comment from : @maxtelero4904 |
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Inheritance Tax is theft Comment from : @peterwilliams6188 |
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Interesting to see how this changes in October - I suspect Rachel Thieves will change this dramatically (for the worse)…let’s see 😮 Comment from : @SteveB-nm7xb |
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Plus gifts from surplus income, for those in this fortunate positionbrAnd 10 dobated to charity in your will to obtain an IHT rate of 36 Comment from : @robhills2613 |
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