You can make lifetime gifts of any amount but if you should die within seven years of making that gift its value could be added back into your estate for inheritance tax purposes. There are a number of exemptions available for lifetime gifts allowing you to give away your assets tax-free:
If your death is a result of injuries received on active service then your estate will be free of inheritance tax regardless of how long ago those injuries were incurred.
With any gifts made during your lifetime you should keep a record of the amount, the date of the gift and its recipient. We are able to advise on the most effective way of making a gift and assist you with recording its details.
"This is by far the go-to firm for any issues. You are made to feel valued from the outset and they are so confident in what they do. Wouldn't recommend any other. Thank you Hugh and Max."
- Ros Jones
"“ This is the second time we have used Tracey for the conveyancing to buy our new home. She is always completely approachable, she has helped us along the way with advice and useful tips that has helped lessen the stress. We have complete confidence in her and would not hesitate to recommend her to our friends and family”. - Peter Dawes, Cater Dawes Financial Planning "
"The ease that we could access and speak to Pat Smith - Thank you"
"I don't think this house sale would have pulled together without Jo's determination and expertise. Excellent!"
"Jade Shelton was absolutely fantastic!! Professional and proactive at all times."
"Domini was very fast and efficient in carrying out her work for me - she was also very good at explaining things to me"
"I have used Tracey Laflin at Gotelee on a number of occasions and in my opinion, she is simply the most efficient conveyancing solicitor I have ever worked with. From the outset, she took the time to understand my specific business requirements and to date, she has exceeded all of my expectations."
- Dale Fiddy - Portobello Developments Ltd
"Jade made the process of buying our first home quick, easy and took the stress out of a new chapter of our lives"
"Approachable, very efficient, always willing to take my calls and update me."
"We were very pleased to have Jade as our solicitor, the service was excellent and we felt kept in the loop which minimised stress"