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Inheritance Tax and the 7 year rule - everything you need to know! #estateplanning #inheritance
Inheritance Tax is a hot topic right now, so let me explain the 7 year rule on gifts... If you gift assets, property, or money over and above your annual gifting allowance, this gift is called a potentially exempt transfer. Now, if you live for seven years from giving the gift, then this won't be counted as part of your estate. That means the ...
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