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ARTICLE · 12 OCTOBER 2022

The Gift That Wasn't A Gift

Wrigleys Solicitors LLP
Wrigleys Solicitors LLP
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Wrigleys Solicitors LLP

Wrigleys Solicitors LLP

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Pam said, "Did you know that Dorothy died a few months ago, lived at the big house down the way, a dragon of a woman, short and sharp but very organised and always had a plan to beat the tax man".

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Pam said, "Did you know that Dorothy died a few months ago, lived at the big house down the way, a dragon of a woman, short and sharp but very organised and always had a plan to beat the tax man". "Yes, I had heard that she'd passed, sad to see her go really, she always knew the juiciest bits of gossip, but time gets to us all in the end" said Marjory. "Well that's very true indeed" said Pam, "And here's a bit of gossip for you, it turns out that her biggest scheme to beat the tax man was a complete flop". "How so?" said Mary, suddenly interested in ways to beat the tax man after her recent meetings with her solicitor. "Well, it turns out that when Dorothy's husband Bryan died 10 years ago, Dorothy thought that it would be a good idea to reduce the size of her estate to avoid a substantial inheritance tax bill when she passed. Given that her largest asset was her home, she transferred the ownership of it to her daughter Rebecca, thinking that if she survived 7 years

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