This guide will provide you with the information you require to advise clients on the normal expenditure out of income inheritance tax (IHT) exemption. This is a useful exemption which can avoid having to wait for seven years for a gift to fall outside of the estate for IHT purposes.
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Speak to our experienced team. You can reach them Monday to Friday, 8.30am to 4.30pm, by either calling 02380 726 010 or emailing:
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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.