Originally Posted by
Iain Mac
Depending on the size of his estate, if he passes on within 7 years of making the gifts the taxman will want his inheritance tax from the beneficiaries.
If he dies without passing the money on, the taxman gets his cut before the estate is divided.
the conservatives will be in before then and it will get raised or even abolished by them.
I actually thought it was 5 years now but am probably wrong.