IHT on gifts
Posted: November 23rd, 2022, 8:43 am
I believe that I understand the IHT tapering on gifts
and I understand nthat details of gifts should be kept in order that whoever is lucky enough to be executor cna find required info
BUT,,,as 'gifts' to spouse s are not IHT taxable is it required to keep details of all those?
am asking because we switch funds back and forth regularly whilst trying to keep up with ever changing Building society rates
I do all of the switches and I wouldnt be able to track them..definitely not going back 7 years...
and I understand nthat details of gifts should be kept in order that whoever is lucky enough to be executor cna find required info
BUT,,,as 'gifts' to spouse s are not IHT taxable is it required to keep details of all those?
am asking because we switch funds back and forth regularly whilst trying to keep up with ever changing Building society rates
I do all of the switches and I wouldnt be able to track them..definitely not going back 7 years...