This Telegraph article caught my eye. It explains a useful inheritance tax relief that can apply to larger gifts, after three years, in reducing the 40% rate. The original text made a common mistake in not noting that the gift needs to be in excess of the available nil rate band (otherwise it is tapering an already 0% tax rate).

It’s the type of article that can lead to a client saying “…but I read somewhere that…”.

(I sent a tweet to the writer, who corrected the original.)