Expenditure that is regular, out of income and does not reduce the transferor’s normal standard of living, can be transferred from one person to another free of inheritance tax. Life insurance premiums may qualify for this exemption.
The Rantings of the barely human.
Expenditure that is regular, out of income and does not reduce the transferor’s normal standard of living, can be transferred from one person to another free of inheritance tax. Life insurance premiums may qualify for this exemption.