We are able to give a loan to our son and his wife to bridge a property sale and a purchase for which they have secured a mortgage.
The mortgage company are asking us to make a declaration in respect of their purchase. On the form they are asking us to sign it uses
the term 'gift' throughout in relation to what is in fact a bridging loan for probably only a couple of months.
Were either myself or wife to pass away during the next seven years could the amount loaned briefly be counted as a gift for IHT purposes by HMRC?
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