The seven-year rule
You can give money, using different methods other than under the above exemptions.
"Clients often believe there is a 'seven-year rule
', ie the local authority can't look at gifts more than seven years previously.
While under the seven-year rule
you can give away unlimited amounts free of IHT so long as you survive seven years.
Since you mention the seven-year rule
it suggests that you gave your property away to avoid inheritance tax.
A In reality, you can gift as much as you like, but anything over your annual gifting allowance for inheritance tax purposes will become a potentially exempt transfer, and the seven-year rule
applies before the gift falls outside your estate.
So any hight amount would become a potentially exempt transfer, and the seven-year rule
As you can see, while the seven-year rule
seems simple, it can be quite complicated.
Mapua snapped a long drought and San Beda's seven-year rule
of junior basketball with an 84-67 drubbing of the Red Cubs to clinch the NCAA basketball high school crown yesterday at MOA Arena.
He has also represented and advised TV studios in disputes over profit participation, licensing of digital rights on existing and emerging platforms, exclusivity provisions in talent contracts, and applications of California's seven-year rule
. "Litigating content issues today is as much about understanding evolving digital access models as it is about the established law," he says.
These issues include law and order, the reintegration of public institutions between Gaza and the West Bank, the fate of the approximately 40,000 civil servants Hamas appointed during its seven-year rule
of Gaza, the control of border crossings with Israel and Egypt, and the implementation of the PA plan for Gaza's reconstruction.
In an exhaustive chapter (Chapter 3), Stahl analyses the extraordinary case of the Recording Industry Association of America's (RIAA) attempts to overturn the state of California's seven-year rule
protection of employees' contractual obligations to employers in relation to recording artists, after Olivia Newton-John no longer fulfilled the terms of an MCA contract.
The majors thus fought for and won an exception for record companies to the seven-year rule
. Stahl analyzes the California State Senate's hearings on the matter, which offered a discursive space for the faceoff between musicians' advocates who compared long-term contracts to indentured servitude and industry advocates who opposed any time limits on contracts.