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What
is the threshold for inheritance tax?
Can
I give money away to avoid tax?
Does
this apply to all gifts?
Will
there be any tax if I give money to my wife/husband?
What
happens if I make a potentially exempt transfer and die
before the seven years are up?
Inheritance Tax - Your Questions Answered
What is
the threshold for inheritance tax?
Can
I give money away to avoid tax?
Does
this apply to all gifts?
Will
there be any tax if I give money to my wife/husband?
What
happens if I make a potentially exempt transfer and die
before the seven years are up?
This has tended to rise at the rate of inflation each year
and is set by the Chancellor of the Exchequer. If the value
of your estate, including your home and any gifts you have made
in the last seven years, comes to more than this, tax will be
due on the balance at 40% if you die.
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