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Gifts And Inheritance Tax: 7 Year Inheritance Tax Rule UK

Cameron James Pension Transfer 4 views

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@neilsmith154
 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


@colindeavin851
 What about stamp duty or capital gains
Comment from : @colindeavin851


@leobrown6875
 If i gift my daughter a property does she pay stamp due on the transfer
Comment from : @leobrown6875


@jbarea2080
 Inheritance tax is theft by the uk goverment
Comment from : @jbarea2080


@ymwan
 Isn't the sliding scale reduction on amounts above 325k only?
Comment from : @ymwan


@maxtelero4904
 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


@peterwilliams6188
 Inheritance Tax is theft
Comment from : @peterwilliams6188


@SteveB-nm7xb
 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


@robhills2613
 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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