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IHT · Gifts out of normal income · 2026/27

IHT gifts out of normal income explained (2026/27)

Regular gifts made out of your surplus income are immediately exempt from inheritance tax — no 7-year rule, no upper limit. This is the most under-used exemption in UK IHT planning, blocked mainly by the evidential burden. This page covers the three legal tests, how to keep the records HMRC actually wants, and the lifetime structures that make it work.

5-minute read

Gifts out of normal income in one paragraph: Section 21 IHTA 1984 makes any regular gift made out of your "normal expenditure" entirely IHT-free if three tests are met: the gift is part of your normal expenditure, made out of income (not capital), and your standard of living is unaffected. There is no upper limit and no 7-year rule. The evidential bar is high but achievable — making this potentially the most powerful exemption for higher earners.

Section 21 IHTA 1984 lists three conditions, all of which must be met:

  1. The gift was part of your normal expenditure. Normal here means habitual, regular, settled. A one-off £50,000 gift fails — even if it's small relative to income. A pattern of regular gifting over years passes.
  2. The gift was made out of income. Not from capital. HMRC distinguishes between income (salary, dividends, interest, rental income) and capital (sale proceeds, capital gains, pension lump sum). Mixed sources require careful accounting.
  3. After all gifts, you have enough income left to maintain your normal standard of living. The "without dipping into capital" test — if making the gifts forces you to draw down savings to live, it fails.

If all three are met, the gift is immediately exempt with no 7-year clock. Practically unlimited in size.

Why this is the most under-used exemption

Three reasons:

The exemption is reportedly used in fewer than 10% of estates that could legitimately claim it.

What HMRC needs to see (the IHT403 form)

On death, the executor completes form IHT403 listing all gifts in the 7 years before death. Section 21 claims require:

Best practice: keep a contemporaneous "Schedule" each year, signed and dated. It massively simplifies the post-death claim and stops HMRC contesting.

Worked example: high-income retiree

Mrs L receives £80,000/year of total income: £30,000 State Pension + DB pension, £40,000 dividend income from share portfolio, £10,000 rental income. Her annual essential spending is £35,000. Discretionary spending another £10,000. So surplus income is £35,000/year.

She decides to give £30,000 per year to her two children (£15,000 each) starting January 2026. She keeps written records each year showing income, expenditure, gifts, and the resulting surplus.

If instead these had been PETs, the £90,000 would be added back to her estate (within 7 years) and could trigger up to £36,000 of IHT depending on her overall estate position. Using Section 21 saves that completely — immediately, no taper, no 7-year clock.

Income vs capital: the tricky cases

The "out of income" requirement is the most-disputed test. HMRC's view:

The general rule: if it would have been "income" in normal accounting terms, it's income for Section 21. Pension drawdown is the messiest area — HMRC tends to look at the original source.

Common structures using Section 21

The "carry-forward" question

Unlike the 7-year rule's £3,000 annual exemption, Section 21 has no formal carry-forward. But because the test is whether the gift forms part of "normal expenditure", a single missed year doesn't break a pattern if regular gifting resumes.

HMRC's general view: a pattern can survive temporary interruptions for clear reasons (one-off large expense, hospital stay), provided the long-term pattern is maintained.

Common Section 21 mistakes

Sources

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