Making Gifts Before You Die Can Help Save Inheritance Tax – Portner
It is hard to think about giving away your assets while you are still alive, but doing so can help save Inheritance Tax when you die. In this article, head of private client Elena Stylianou explains how the ‘seven-year rule’ enables you to gift assets during your lifetime tax-free or at a reduced tax rate.
How is Inheritance Tax charged?
First, let’s look at how Inheritance...
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