It has been said that for "Gifts out of Surplus Income" to qualify for IHT exemption, they should be regular. Insurance payments and ISA contributions have been given as examples of this. Would a regular contribution to someone's rent or mortgage payment qualify as such a gift and be considered exempt for IHT purposes?
Also, would this have to be a regular monthly payment, or could you say pay for three months worth of rent or mortgage, at the end of the tax year when you have an idea of what is actually left over and surplus?
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