Please note this article has not been updated to reflect any of the changes in the 30th October 2024 budget. We will update this article as soon as possible.
This guide will provide you with information on the Inheritance Tax (IHT) treatment of gifts made during lifetime. With IHT allowances frozen until 2028, lifetime planning is now even more important than ever.
We have a tool which performs the IHT on gifts here: Lifetime gift calculator.
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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.
