Down payment amounts above $19,000 and received as a gift must be reported on a gift tax return by the person making the gift—not the beneficiary. But that doesn't mean the donor will pay taxes. "The ...

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...

More wealthy Britons are gifting their money to family members, according to tax advisors, following concerns that Rachel ...

The inheritance tax seven-year rule is “under threat” in Rachel Reeves’s Spring Statement, wealth advisers have warned.