potentially exempt transfers

Tag: potentially exempt transfers

Tax Mitigation, Inheritance Tax, Tax, Ask Damien

Reader Q: My estate is £60,000 below the Inheritance tax (IHT) threshold after recent gifts - when will IHT become an issue?

By Damien Fahy
2 min Read 11 Oct 2011
Reader Question: What are the inheritance tax rules if I give money away to my children? I am intending to give my children £20,000 each when I downsize. This will leave my current estate £60,000 under the inheritance tax threshold. At what stage will this become a problem? I am 74....

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