Fall in value relief
You'll learn how fall in value relief works when a donor dies within seven years of making a lifetime gift. This relief reduces the inheritance tax charge if the gifted asset has decreased in value since the gift was made — either because the asset itself fell in value or because the recipient sold it for less than
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In this lesson
- 0:00 Fall in value relief overview
- 0:07 When fall in value relief applies
- 0:33 How relief reduces IHT payable
- 0:47 Relief scope and limitations
About this lesson
its original value. The tax saving applies only to that specific lifetime gift and doesn't affect other gifts or the death estate. This is a key technique for managing inheritance tax liability on lifetime gifts in your Taxation studies.
Duration: 1m
Transcript
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