Lifetime Transfers Print

IHT is not immediately chargeable on most lifetime transfers. Transfers made more than 7 years before death are normally exempt from IHT. However, if the transferor dies within 7 years of making a gift, IHT is chargeable on the transfer, subject to the following reductions:

Years between gift and  death Percentage of full charge at Death Rates
0-3 100%
3-4 80%
4-5 60%
5-6 40%
6-7 20%

 

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