What is the 7-year rule for inheritance tax on property gifts, and what happens if I die within that period after gifting a portfolio property?
Quick Answer
The 7-year rule allows property gifts to become IHT exempt if the donor lives for 7 years, with tapered tax applying if death occurs sooner.
About This Topic
The 7-year rule allows property gifts to become IHT exempt if the donor lives for 7 years, with tapered tax applying if death occurs sooner.
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