Giving money to siblings without tax implications

Keep_pedalling

castle96 said:

It only tapers if you gift more than the NRB, and even then only to the portion of the gift exceeding the NRB. 

I still dont get this... So if I gave away £100k 3 years ago, and die now. There is no relief on this. The whole is added into my current estate for IHT yes??. Relief only starts when I have given away more than £325K (and then...different times/amounts. Most people I am sure (like me) think/thought that ANY amounts given, if more than 7 yrs = IHT free, or within 7 yrs, at the reducing/taper amount

Not quite sure why you still don’t get it, you had plenty of explanation in this thread of yours.

https://forums.moneysavingexpert.com/discussion/6465272/taper-relief-iht/p1

As has already been pointed out TR only applies for gifts over the NRB, but it is a bit more complicated than that if you gift large amounts in batches over time as in the following examples. 

1. Gift £650k on one day and die after 3 years but before 7 - TR applies to £325 of that gift

2. Gift £325k today, and £325k next year - TR only applies to the second gift so it only kicks in if you die more than 4 years after the first gift. It also can’t be claimed if you die between 7 & 8 years after the first gift because by that time the first gift would already be exempt. 

3. Gift £325k today and £325k in 4 years time - TR can never be applied as the first gift will be exempt before the 3 year qualifying period has been reached on the second gift.

Yes it is complicated but the people who could take advantage of TR can easily afford to take professional advice on IHT planning.