Tradefair & Financials

Welcome to Live View – Take the tour to learn more
Start Tour
There is currently 1 person viewing this thread.
Judge Roughneck
30 May 12 16:24
Date Joined: 14 Aug 07
| Topic/replies: 105 | Blogger: Judge Roughneck's blog
If 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 to your executor to inform them? If so, what happens if the executor is unaware?

I have posted this on both the financials and chit chat forums.
Pause Switch to Standard View Question re: gifting money
Show More
Post Your Reply
<CTRL+Enter> to submit
Please login to post a reply.


Instance ID: 13539