Quote:
Originally Posted by Neil
That is ok unless she dies within 7 years, if she does they still have to pay the tax - its something like that anyway
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You're right, it's seven years.
A similar point is if you gift, or sell property for a nominal amount, then later come to need residential care, you are still eligible to use the money raised from that property if it's within seven years.
Princess Margaret tried to aviod the tax by giving her property in Mustique to her son.