Gifts and Lifetime Transfers

When you make gifts during your lifetime, they can affect how much Inheritance Tax is due when you die. Most gifts become exempt from Inheritance Tax if you survive for seven years after making them, but the rules are more nuanced than many people realise. Understanding which gifts count, which are...

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When you make a lifetime gift into trust or there's a chargeable event affecting trust property, you may need to tell HMRC and pay Inheritance Tax before anyone dies. The IHT100 is actually a suite of different forms, each designed for a specific type of chargeable event — such as making a gift...

5 min read