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IHT/gifts/7 yrs
Comments
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How do you prove a negative??How's it going, AKA, Nutwatch? - 12 month spends to date = 2.60% of current retirement "pot" (as at end May 2025)0
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As far as I am aware HMRC do not have access to the amount of cash held on deposit nor your shareholdings. They get info regarding taxable interest so could take a very wild guess at your taxable cash assets but rely on the taxpayer to declare taxable dividends which are not indicative of their value.Keep_pedalling wrote: »HMRC have extensive financial information on all of us so unless you have kept all of your wealth in cash under the mattress they can see if you have become a lot poorer over the last years of your life, and that could trigger an investigation if the IHT forms submitted look suspicious.0
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