Tag: gift with reservation
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Inheritance Tax and the 7-Year Rule – What You Need to Know
The 7-year rule can remove gifts from your estate for Inheritance Tax, but only if you survive long enough — and don’t keep using the property. Learn how taper relief and HMRC’s “gift with reservation” rules apply.
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The Most Common Mistake People Make When Gifting Property (UK Tax Rule)
Gifting property while still using it may not reduce your Inheritance Tax bill. Here’s how the Gift With Reservation rules really work — and how to avoid the trap.
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Can You Sell a Property to Your Child Below Market Value? (UK Tax Rules)
Selling a property to your child at a discount might seem generous — but for HMRC, it’s a part-sale, part-gift. Here’s how it affects your tax bill.
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Can I Gift My Property to a Partner, Niece or Nephew Without Paying Tax?
You can gift property to anyone — but it’s rarely tax-free. We explain the CGT and IHT rules for gifting to a partner, niece, or nephew.
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Gifting Your Home to a Family Member: What Are the Tax Implications?
Thinking of gifting your home to a child, nephew, or other family member? Before you act, find out how Capital Gains Tax, Inheritance Tax and SDLT could apply.