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IHT on gift

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Comments

  • kaMelo
    kaMelo Posts: 2,904 Forumite
    Sixth Anniversary 1,000 Posts Name Dropper
    Interesting article in the Telegraph on this subject, how HMRC has taken (Snatched is the headline) £600 Million in IHT from gifts that people made thinking by doing so it would reduce/avoid IHT.
    https://www.telegraph.co.uk/tax/inheritance/taxman-snatches-600m-inheritance-tax-crackdown/
  • Sea_Shell
    Sea_Shell Posts: 10,251 Forumite
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
    kaMelo said:
    Interesting article in the Telegraph on this subject, how HMRC has taken (Snatched is the headline) £600 Million in IHT from gifts that people made thinking by doing so it would reduce/avoid IHT.
    https://www.telegraph.co.uk/tax/inheritance/taxman-snatches-600m-inheritance-tax-crackdown/
    Thanks for that but it's behind a paywall so can't read.    Can you post the salient paragraphs?
    How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)
  • dales1
    dales1 Posts: 286 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    R-click on the article and press View Page Source and scroll down until you get to it.
  • Sea_Shell
    Sea_Shell Posts: 10,251 Forumite
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
    dales1 said:
    R-click on the article and press View Page Source and scroll down until you get to it.
    Sorry, but that does nothing but pull up pages and pages of "computer geek code".    I scrolled right to the bottom and there was no article to read.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)
  • dales1
    dales1 Posts: 286 Forumite
    Ninth Anniversary 100 Posts Name Dropper
    It is there, but you have to look for it.
    It doesn't look like a normal article because it has no headlines and contains bits of <geek code>.
    It .is slightly ove half way down.

  • Sea_Shell
    Sea_Shell Posts: 10,251 Forumite
    Tenth Anniversary 10,000 Posts Photogenic Name Dropper
    dales1 said:
    It is there, but you have to look for it.
    It doesn't look like a normal article because it has no headlines and contains bits of <geek code>.
    It .is slightly ove half way down.

    Sorry, life's too short!!
    How's it going, AKA, Nutwatch? - 12 month spends to date = 3.24% of current retirement "pot" (as at end December 2025)
  • kuratowski
    kuratowski Posts: 1,415 Forumite
    Seventh Anniversary 1,000 Posts Name Dropper Photogenic
    The article doesn't really cover the topic being discussed in this thread (unavailability of taper relief on gifts under the NRB).  Most of the text was about gifts with reservation.
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