This guide will assist you with the process of calculating the IHT due on failed gifts within 7 years of death using the 14-year rule and demonstrate how this impacts the overall IHT liability of the estate.
We have a tool which performs the calculations described in this guide here: Lifetime gift calculator.
If you have a question that was not covered online, our expert team would be pleased to help. Simply click the button below, fill in the form and our technical team will aim to be in touch within 48 hours, between 8.30am-4.30pm, Monday-Friday. Or call the team on 02380 726010.
The information provided in this article is not intended to offer advice.
It is based on Quilter's interpretation of the relevant law and is correct at the date shown. While we believe this interpretation to be correct, we cannot guarantee it. Quilter cannot accept any responsibility for any action taken or refrained from being taken as a result of the information contained in this article.
