Inheritance & Estate Planning
Gifting Money
Explore our articles explaining the rules around gifting money and assets in the UK. Learn how gifting works, how the seven-year rule applies and how gifts may affect inheritance tax planning.
Articles
Gifting Money to Family: UK Tax Rules and Financial Planning ConsiderationsThis article explains the UK rules around gifting money to family members and how gifts may affect inheritance tax.
The Seven-Year Rule for Gifts Explained (UK)This article explains the seven-year rule and how gifts made during a lifetime may be treated for inheritance tax purposes.
Annual Gift Allowance ExplainedThis article explains the £3,000 annual gift exemption, how carry-forward works, and other IHT gifting exemptions including wedding gifts and gifts from income.
Gifts From Surplus Income ExplainedThis article explains how the normal expenditure out of income IHT exemption works, the three HMRC conditions, and why documentation matters.
Gifts With Reservation Of Benefit ExplainedThis article explains how the gift with reservation of benefit rule works, why the seven year rule offers no protection while a reservation continues, the family home, full market rent, the pre-owned assets charge, and what executors need to identify.