Simplify Inheritance Reduce 7 Year Rule to 5 and Abolish Taper Relief

Published / Last Updated on 15/08/2019

The government should as a package:

Reduce the 7 year period to 5 years, so that gifts to individuals made more than 5 years before death are exempt from Inheritance Tax and abolish taper relief.

The government should also remove the need to take account of gifts made outside of the 7 year period when calculating the Inheritance Tax due (under what
is known as the ’14 year rule’).

Related Videos

Videos Channels

Explore our Site

Money MOT
T and C