Careful planning is necessary when you are trying to gift the equity release funds. It can be considered a Potentially Exempt Transfer. If you lived for about 7 years after making the gift, the money acquired may be exempt from IHT. If you pass away before the 7-year mark, the amount may be included in your estate. It may also be subject to the IHT.
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Creator Music & SFX Bundle
Making videos, streaming, podcasting, or building the next viral clip?
The Content Creator Music & SFX Bundle delivers 70 packs of hard-hitting tracks and sound effects to give your projects the fresh, pro edge they deserve.
