My husband and I are worried about inheritance tax (IHT) on our estate and are thinking of giving our home to our children now.
If we are not selling the house but giving it as a gift, will we have to pay any tax?
Sue Taylor, via email
It’s no wonder that this is one of the most common questions asked of Telegraph Money.
After all, who wants their hard-won money to go to the taxman when they die? The Revenue is raking in more from inheritance tax than ever before, raising around £5.2bn in the past tax year alone, and last week’s Budget projected that those figures would continue to rise.
The sky-high value of property, especially in the South East, is pushing more of us into a tax bracket designed...
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