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The 7 Year Rule on Gifts: Are You Sleepwalking Into Tax? | Estate Planning in 60 Seconds

Published 20, Feb 2026

ELM Legal Services


Description:
Many people make large lifetime gifts believing the seven year rule removes them from Inheritance Tax. In this 60-second video, we explain how the rule actually works under UK law, where it can go wrong, and why misunderstanding it could leave your family facing a much bigger tax bill than expected.

#estateplanning #assetprotection #inheritancetax #willwriting #probate #trusts #lpa #elmlegal #estatetips #shorts

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