Inheritance Tax

Hello. I received a cash gift from my father about 6 years before his death. He left everything to my mother when he died. I understand there is a 7 year window prior to a death when gifts may be subject to inheritance tax. Would I be correct in thinking that, provided the total value of gifts made prior to his death did not exceed £325k, that there is no inheritance tax to pay on this? If there is tax to pay, I understand this would fall in the tax year of the death, rather than the tax year of the gift (if different). Is that correct? Thanks.

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.