New Posts For Thread: Question re: gifting moneyhttps://community.betfair.com/tradefair__financials/go/thread/view/94198/29148383/question-re-gifting-moneyIf you gift somebody some money, I know that as long as you live for a further seven years then no inheritance tax is due on that money.My question is, if you die within the seven years, how do the hmrc know that money has been gifted? Is it down toIf you gift somebody some money, I know that as long as you live for a further seven years then no inheritance tax is due on that money.My question is, if you die within the seven years, how do the hmrc know that money has been gifted? Is it down tohttps://community.betfair.com/tradefair__financials/go/thread/view/94198/29148383/question-re-gifting-money?post_id=520245535#520245535If you gift somebody some money, I know that as long as you live for a further seven years then no inheritance tax is due on that money.My question is, if you die within the seven years, how do the hmrc know that money has been gifted? Is it down toWed, 30 May 2012 10:24:47 -0500