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Section 21 of the Inheritance Tax Act 1984

  • This is not strictly about housing but about establishing a pattern of regular annual giving from surplus income mitigating the amount of tax paid by beneficial survivors of a will.
  • Landlord investors wishing to bequeath money to their chosen beneficiaries, might be kinder if they can afford to do so from surplus income prior to the seven years leading to the demise of the doner landlord.
Published: 11 November 2013 Last Updated: 17 November 2021