Iht

kanwal3017 | 16:34 Thu 14th Dec 2023 | Business & Finance

4 Answers

Will there be iht on any cash gift given to me by my parents

Answers

1 to 4 of 4

Best Answer

No best answer has yet been selected by kanwal3017. Once a best answer has been selected, it will be shown here.

bhg481

It depends on how much and how long before they die.

Depends on whether their estate is liable for IHT, even then if they live for 7 years after giving you the gift there will not be any tax to pay

If they die within 7 years. You get taper relief from to zero after 7 years. You may not if their total estate does not exceed the threshold.

Kanwal - you keep asking questions about your parents' estates and IHT but you do not give enough information for us to be able to help.

I have already suggested you seek proper advice from a solicitor.

1 to 4 of 4

Do you know the answer?