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GIFTING FOR INHERITANCE TAX

Gifting & Reducing Your Estate For Inheritance Tax

Give More to Family – and Less to HMRC. Gifting is a legal and powerful way to reduce your estate’s value and minimise inheritance tax. Here’s how it works.
CHECK YOUR IHT LIABILITYADVICE ON GIFTING FOR IHT

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GIFTING FOR INHERITANCE TAX

Why Gifting Matters in IHT Planning

One of the most effective ways to reduce your inheritance tax (IHT) bill is by reducing the value of your taxable estate - and gifting is a key strategy.

With the right planning, you can:
Transfer wealth during your lifetime
Help children and grandchildren now
Reduce or avoid the 40% IHT charge later
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GIFTING FOR INHERITANCE TAX

The 7-Year Rule on Gifting & IHT Exemptions

Gifts made more than 7 years before your death are usually exempt from IHT. If you die within 7 years, tax may apply on a sliding scale (taper relief).

Other common exemptions:
Up to £3,000 per year in gifts (annual exemption)
£250 small gifts to as many people as you like
Wedding gifts: £5,000 (child), £2,500 (grandchild), £1,000 (others)
Regular gifts from income that don’t affect your standard of living
GIFTING FOR INHERITANCE TAX

Risks to Consider When Gifting

Gifting isn’t always straightforward. Consider:

Loss of Control

You can’t reclaim 
gifts later

Timing

Gifts must be made early to fall outside your estate

Capital Gains Tax

May apply on certain asset transfers

Care Fees

Gifts could be challenged if made to avoid care costs
That’s why you should always speak to a financial conduct authority registered financial adviser before making significant gifts.
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GIFTING FOR INHERITANCE TAX

How We Help You Use Gifting Your Estate Safely

Our Financial Conduct Authority Registered advisers will:
Help you structure a gifting plan tailored to your goals
Ensure gifts are tax-efficient and compliant with HMRC rules
Advise on gifting alongside other strategies like trusts or pensions
GIFTING FOR INHERITANCE TAX

Get Personal Gifting Advice for Inheritance Tax Planning and Mitigation

Our IHT consultations are free and without obligation. If you decide to proceed with our advisers recommendations, a fee may apply but we’ll always be transparent and discuss any costs with you upfront.
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Privacy Policy

Inheritance Tax Planning, Estate Planning and Trusts are not regulated by the Financial Conduct Authority.

Tax treatment varies according to individual circumstances and is subject to change.

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Inheritance Tax on Pensions is a trading style of Beals Mortgage and Financial Services Ltd an appointed representative of Quilter Financial Services Limited which are authorised and regulated by the Financial Conduct Authority.

The guidance and/or information contained within this website is subject to the UK regulatory regime and is therefore targeted at consumers based in the UK.

Approver Quilter Financial Services Limited August 2025

Registered office address: Unit 1 Fulcrum 2 Solent Way, Whiteley, Fareham, England, PO15 7FN. Registered in England and Wales under reference 08286166

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