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?
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....