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flag UK residents warned about inheritance tax on gifts; experts advise careful planning and record-keeping.

flag UK residents are advised to be careful when gifting money to avoid unexpected inheritance tax (IHT). flag Certain gifts are exempt if they are regular, from income, and do not affect the donor's lifestyle. flag One-time gifts might be taxable if the giver does not survive seven years after giving. flag Inheritance tax thresholds are frozen, and high property values mean more families face IHT. flag Experts recommend keeping detailed records and seeking professional advice for substantial gifts.

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