Tag: INHERITANCE TAX

INHERITANCE TAX

  • Gifts and how they affect IHT

    In the UK, Inheritance Tax (IHT) may be payable on gifts made during a person’s lifetime if they pass away within seven years of making the gift. The rules governing IHT on gifts include various exemptions and reliefs designed to reduce the potential tax liability. Here’s an overview of the key rules and exemptions: Key… Read more