Inheritance tax - What people get wrong about the 7-year rule

How well do you understand inheritance tax (IHT)? It might sound simple at first. You could just give away your money and, if you live for seven years, you won't pay tax on those gifts. But it's more complex than that. In this week's Personal Investor podcast, Ed and Marianna take a closer look at one of the UK's most divisive taxes. They explore the 7-year rule and what it means for passing on your money.
Capital at risk.

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00:00 - Intro
01:36 - Inheritance tax (IHT) basics
02:35 - What is the 7-year rule?
04:35 - Differing IHT rates for gifts
07:53 - An example calculation
11:43 - The upcoming budget

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