Increase the UK inheritance tax gift allowance in line with the US

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Increase the UK inheritance tax gift allowance in line with the US

Petition Details

We call on the UK Government to reform the current inheritance tax gift rules (where only £3,000 is exempt each tax year before the seven-year rule applies)

Additional Information

So that UK residents can give larger lifetime gifts without inheritance tax implications — aligned more closely with the US annual exclusion of ~$19,000 per recipient. We believe this would help families support loved ones during their lives and modernise UK tax policy.

If you want to sign this petition (as opposed to merely discuss it), you need to do that on the government's e-Petitions website.

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