Understanding Inheritance Tax on Gifts: What You Need to Know

Discover how inheritance tax affects gifts in the UK, the 7-year rule, key exemptions, and tips to minimise tax. Read our essential guide before making important financial decisions!

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Understanding Inheritance Tax on Gifts: What You Need to Know - Doshi Accountants

Inheritance tax (IHT) can be a complex topic, especially when it comes to gifts given during your lifetime. Here’s a practical guide to understand how inheritance tax works on gifts, what the main rules are, and how you can plan to minimise liability