SJB & Co Chartered Accountants

Gifts

Inheritance Tax (IHT) – Tax Free Gifts 2022-23                  

IHT is payable when a person dies, and their estate exceeds certain limits. It is also potentially payable on gifts made by an individual during their lifetime if the gift was made in the seven-year period prior to their death. Small lifetime gifts can be exempt. These include: Larger lifetime gifts are potentially chargeable to …

Inheritance Tax (IHT) – Tax Free Gifts 2022-23                   Read More »