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Topic: Inheritance tax

IHT gift from surplus income letter
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IHT gift from surplus income letter

IHT gift from surplus income letter

There is an inheritance tax exemption for monetary gifts made out of your surplus income. To demonstrate that a gift has been made out of surplus income you should send a letter with each gift you make.

Write a letter

Keep this IHT Gift from Surplus Income Letter with your will to help your executors when dealing with your estate (see Inheritance Tax Manual IHTM14242).

 

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