How the 7 Year Inheritance Tax Rule Works?

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How the 7 year Inheritance tax rules work | Bluebond Tax Planning

If you have any questions on UK inheritance tax please use the comments section below, visit our website at https://www.bluebond.co.uk/contact-us

How the 7 year Inheritance tax rule really works?

In this video, Charles explains in some detail how taper relief, the 7-year inheritance tax rule and the 14-year inheritance tax rule really work.
If you wish to make gifts into any type of trust or directly to your children it is important you understand how all these rules work. A small error could cost your children thousands of pounds in the Inheritance tax if you make a mistake.

What is covered

What the 7-year rule is and how it works

What taper relief is and how it works and the common misconception people have on how it works

The rates of tax that apply if taper relief is applied to a gift

What the 14 year rule is and how it is applied to inheritance tax

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