You are reading a single comment by @jellybaby and its replies.
Click here to read the full conversation.
jellybaby-
Yes, correct, but you would be subject to capital gains tax anyway if you inherited it later after already having paid inheritance tax? The capital gains would be worked out from when you obtain the property, and then when you dispose of it.
Something to consider is that capital gains tax is paid after you sell, whereas inheritance tax you'll need to pay effectively before you are allowed to inherit.
Acliff
Edited - 7 year gift rule exists, but subject to gifts with reservation of benefit.
And also gifts are treated as disposal for CGT purposes.