Tapered gifting

Grumpy_chap

sorethumbs1992 said:

400k Cash + House 350k (left to child) = 750k total

325k plus 175k RNRB = 500k threshold before IHT

 

So want to potentially gift 250k and get that total down to 500k

Gifting a third of your total equity seems a bit extreme based on an initial understanding.  Do you have sufficient income to ensure that all of your financial needs will be met, including any potential care needs that may arise in later life?

Albermarle

https://forums.moneysavingexpert.com/discussion/comment/81856334#Comment_81856334

As above. By the time you are anywhere near meeting the Grim Reaper, you might be glad of some of that money and might have spent some of it, hence solving the IHT problem at the same time.