PT
Joined: 2/19/2022
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7 years rules for Inheritance Tax
Dear Sirs, I gave my assets as gift to my son last year before I came to UK. Then I immigrate to UK and become UK domicle and UK tax residents this year. If I die in this year, do my gifted assets to my son last year still count into my estate and subject to UK inheritance tax and the 7 years rule? Or the 7 years rule only count the gifted asset as my estate starting from the date I became UK tax resident? Thanks