Inheritance tax taper relief is frequently misunderstood. This is because it is not a reduction on the amount of the gift, but on the tax due on gifts made within the previous seven years.

Rachel Reeves has directly dismissed speculation that the government would scrap the inheritance tax seven-year rule.

Chancellor Rachel Reeves is being urged to abolish the £175,000 residence nil-rate band in the Budget and other changes are ...

Most gifts that exceed this will be classified ... to outlive the gift by seven years to avoid an inheritance tax bill. Something called taper relief kicks in after three years – meaning a ...

HMRC collected £6.3 billion in inheritance tax during the first nine months of the tax year – £600 million more than the same ...

Grieving families will pay billions more in inheritance tax over the ... incurring a bill. Gifts made over your nil-rate band of £325,000 benefit could benefit from taper relief.