23-01-2017, 10:32 PM
41
Re: Probate
Originally Posted by Aerolor
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It's not that easy to do Apricot. It wouldn't affect you if you were dead, but it could well affect any beneficiaries if HM Government suspected ITax evasion. It was probably a bit naughty but we took advantage of something called the seven year rule and gave money away. However, you have to be confident (or gamble) that you live longer than seven years from when the gift/s are made, otherwise the tax folks will call for tax to be paid, even if it is proportionate to the amount of time left out of the seven years.
https://www.gov.uk/inheritance-tax/gifts
23-01-2017, 10:40 PM
42
Re: Probate
Originally Posted by APRICOT
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You must be aware if your estate is worth over a certain sum , the goverment will clobber you for 40%. Bluudy cheek . Nowt you can do about it .
23-01-2017, 10:40 PM
43
Re: Probate
Originally Posted by Rehab44
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I am a bit concerned about her mentioning Windy Willows retirement Home for the Terminally Confused in The Gambia though
she says I will like it 
23-01-2017, 11:15 PM
47
Re: Probate
Here you are Sweetpea, see if this clears your poor head (or makes it worse).
https://www.moneyadviceservice.org.u...nheritance-tax
23-01-2017, 11:23 PM
50
Re: Probate
Originally Posted by Rehab44
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I am all discombobulated Mups
Oh No, poor you. Go and have a lie down in a darkened room and get Mrs. Rehab to mop your brow and feed you grapes.
That should do the trick, but if not let me know and I will get you some different pills once the vet is open tomorrow.
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