Donate SIGN UP

Iht

Avatar Image
kanwal3017 | 15:34 Thu 14th Dec 2023 | Business & Finance
4 Answers

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

Gravatar

Answers

1 to 4 of 4rss feed

Best Answer

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

For more on marking an answer as the "Best Answer", please visit our FAQ.

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 4rss feed

Do you know the answer?

Iht

Answer Question >>