Vidhur Mehra
March 01, 2026, 10:37 AM IST
Gifting your property can reduce the value of your estate for inheritance tax purposes.
To be fully effective, the gift must be made well before death, and you must survive seven years after giving it.
If you continue living in the property after gifting it, you may face a ‘gift with reservation of benefit’ charge.
Gifts to children can also trigger capital gains tax, and the transfer may need to be reported.
Careful planning with tax specialists helps balance inheritance tax savings with other tax implications.
Professional advice ensures your gifting strategy is legally compliant and tax efficient.