Top 10 of 695 law firms for 7 Year Rule, Inheritance Law
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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.
