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MoneyWeek highlights a common misunderstanding: gifts made within seven years of death are not automatically subject to inheritance tax. The Common ‘Misconception’ About The Inheritance Tax Seven-year Rule Get office and shipping supplies delivered free — and shop member deals Fast, free delivery on millions of items Access to Prime Big Deal Days deals on October 6–7 Prime Video, Amazon Music and more included MoneyWeek has highlighted a misunderstanding about the UK inheritance tax seven-year rule: a gift made within seven years of death does not automatically generate an inheritance tax bill. The tax treatment depends on exemptions, the value of non-exempt gifts and the available threshold; taper relief reduces tax due on some gifts, not the gift’s value.