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The seven-year rule governs how gifts made during life affect liability to Inheritance Tax when the donor dies within seven years. In England, a solicitor explains how taper relief reduces the tax due on gifts the longer ago they were given, the role of annual exemptions and potentially exempt transfers, and how gifts may be charged if the donor dies sooner than seven years. They also help plan and document gifts and communicate with HMRC.
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Tagged solicitor Jasmine Smith
I used Jasmine for my will and she was really helpful. There were things I hadn’t thought of to put in the will. Jasmine explained everything and helped me to understand all the legal jargon. I would definitely recommend Feakes and Co
Review left by Paula,
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Tagged solicitor William McGarry
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Tagged solicitor Fakhruddin Maimoon
I would like to thank Ali (Fakhruddin) wholeheartedly for his kindness, patience & professionalism in dealing with my second cousin’s inheritance. It has been a long drawn out complex case but Ali made the process as simple as possible and always with good humour. “We got there in the end Ali.. Cheers!”
Review left by Miss C Ward
