The ‘7 year rule’ for inheritance tax

The ‘7 year rule’ for inheritance tax

The 7-year rule for inheritance tax is sometimes misunderstood so we’re here to explain. Inhttp://inheritance taxheritance tax often ranks as one of the most contentious taxes in public opinion polls. Although it is thought of as only being a tax for the...
The Inheritance Tax “14 Year Rule”

The Inheritance Tax “14 Year Rule”

It is commonly known that when an individual  makes an outright gift, provided they survive seven years from the date of making the gift it will generally fall out of their estate for Inheritance Tax (IHT) purposes.  This type of gift is called a...