IHT liability and gifts for the maintenance of family

Tax expert Meg Saksida FCA, CTA, TEP, considers the inheritance tax rules when making gifts for the maintenance of family, including exemptions and threshold limits

Gifts for the maintenance of family is a very useful exemption to inheritance tax (IHT) rules but one that is commonly misunderstood. Most of the misunderstandings centre around the meaning of the concept of ‘family’. The common interpretation is that you can give to your ‘family’ without IHT consequences.

The d

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