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It is not only complex schemes that fall foul of new legislation. For many years it was accepted that gifts made in the last 7 years of life would be effective in reducing estate duty/inheritance tax to an extent depending on the proximity of the death to the seven year anniversary. My mother made such a gift in a modest sum. However to my astonishment, when nearly six years after the gift she died, I found the rules had been changed so that the reduction was only effective if she had been rich enough to gift the whole of her tax free allowance. This is certainly one rule for the rich and another for the poor!

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