SEARCH, INDEX, UPDATES, CONTENTS, SERVICES, TAX PLANNING, GIVING
"Please take this cheque for £1,000 as a gift."
"I have transferred £1,000 from my business Capital / Current / Loan account to you."
"I hereby give my house to you."
For Inheritance Tax (and other legal) purposes, none of the above is effective.
Sorry, to be explained shortly.
See also Inheritance Tax, Inheritance Tax Trap, Joint Ownership
Reminder - disclaimer applies. Please feedback your comments. This page was last modified 2 July 2002.