Gift Inter Vivos: at a glance
Our Gift Inter Vivos plan pays out a lump on death, during the fixed 7-year term. The amount that would be paid out goes down each year, as the IHT liability due on the gift decreases (in line with taper relief).It is designed to cover the reducing IHT liability due on a gift made that exceeds the IHT Nil Rate Band. Here are the key details to support your recommendations: