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Policy

Seven Year Rule

Inheritance Tax Seven Year Rule

Policy:

Scrap the 7-year rule and bring in a simple, 100-day plan for gifts.

Why should families live in fear of a surprise tax bill for seven long years after a gift is made? The current Inheritance Tax rule is a cruel lottery that creates needless stress and worry when people are trying to help their children.

We must scrap this unfair 7-year rule and bring in a simple, 100-day plan. The deal is clear: for every day you live after making a gift, the potential tax liability drops by 1%. After 100 days, the gift is 100% tax-free, forever. No more looking over your shoulder for seven years.

This is a compassionate, common-sense reform that provides certainty and fairness, allowing families to plan their futures without the shadow of a complex and outdated tax rule.

Annual Revenue Reduction of £-2 Billion