The 7-Year Rule: Gifts Before Death and Inheritance Tax

<h2Understanding the 7-Year Rule: Gifts Before Death and Inheritance Tax in the UK</h2 <pEstate planning can be a complex and often sensitive topic, especially when considering how to minimise the impact of Inheritance Tax IHT on your loved ones. One of the most frequently discussed and sometimes misunderstood aspects of this is the ‘7-year rule’ in relation to gifts made before death. This rule is a cornerstone of UK inheritance tax law, dictating how certain gifts are treated for tax purposes...