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Where Taxpayers and Advisers Meet

Gifts made when Deemed Domicile

Joined:Wed Aug 06, 2008 3:25 pm
Re: Gifts made when Deemed Domicile

Postby maths » Wed Oct 30, 2019 7:23 pm

Bear in mind that if you haven't used your nil rate band (325K) and you make the gift now but fail to survive 7 years it may be that your UK assets on death are minimal and the NRB offsets any IHT charged on the gift of $50,000 ie no IHT.

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