Lifetime gifts and inheritance tax treatment

https://blast-wiki.win/index.php/Lifetime_gifts_and_inheritance_tax_treatment

Lifetime gifts and inheritance tax treatment can be a bit of a maze, but it's essentially about how much you can give away during your life without triggering a tax bill, and how those gifts affect what's left when you pass on. The rules are designed to encourage giving while you're alive, with certain allowances like the annual £3,000 gift exemption or small gifts of up to £250 to any number of people. Larger gifts may become exempt if you survive seven years, falling outside your estate for i…