Couples with estates worth more than £2 million could consider giving away money and assets as tax-free gifts in order to bring their estate into the new tax-free band.
Gifts must be given in the seven years before a person’s death in order to avoid tax.
You can give away £3,000 each tax year without the value being added to your estate. This sum can be carried forward to the next year.
Each tax year, you can also give away: