4 ms·
Understood and yes it does sound reasonable. I still cringe a bit.
by FpUser 4y ago
Understood and yes it does sound reasonable. I still cringe a bit.
- eddsh1994 4y agoIn several European countries this is a trick to get around inheritance tax so, if you die several years after the gift, it's taxed as per inheritance.
- sebzim4500 4y agoYeah. In the UK it is a common trick to back date a gift to your children 7 years so you don't have to pay inheritance tax on it. Sometimes it needs to preparation, you need some sort of evidence that the gift happened 7 years before death, but faking that evidence is far from impossible.