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IHT due on a gift that was returned?

Answer
Paul
Posted Mon, 14 Oct 2024 13:03:07 GMT by Paul
If a gift is made but then that money is returned (ie -- a loan), is the original gift still subject to IHT in the normal way (ie, if the giver dies with 7 years and has a total estate value meaning IHT is due)? Does it matter how long the money was loaned for?
Answer
HMRC Admin 34 Response
Posted Fri, 18 Oct 2024 13:17:00 GMT by HMRC Admin 34 Response
Hi,
Please contact the Inheritance Tax team for advice.
Inheritance Tax: general enquiries
Thank you.

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