Hi
I am aware of the seven year gift rule but have a question around it.
If a wife passes away and the husband has the intention to make a lifetime transfer to others as soon as the death occurs but because of the time taken to sort out the wife's estate this is delayed a year or 2, say, before he receives the funds from the wife's estate to then pass on, is it possible to define an earlier date than actual date of the transfer to the others as the starting of the clock of the 7 year limit.
Many thanks if you can advise.
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