IHT - gift date

My father is gifting me a flat. As I understand it, (a) the gift is a potentially exempt transfer, so IHT will not be payable if he lives 7 years from the date of the gift and (b) the date from which the 7 years begins is the date on the TR1 form. My solicitor has told me that the date on the TR1 form (which has been sent to the Land Registry) is a date after my father signed it, but two weeks before I signed a counterpart. Is the fact that the date on the form is before when I signed the counterpart a problem? Should it be corrected? What might happen if it was not corrected?

Hi,

Please contact the Inheritance Tax team for advice.

Inheritance Tax: general enquiries

Thank you.