I am acting on behalf of an estate where the deceased (A) received a critical illness payment due to having been diagnosed with cancer. A opened an account with her mother (B) as joint owner. Over the next couple of years no further monies were deposited but B was paid out most of the money with a couple of payments being made to other parties.
For HMRC purposes do you think the payments made to B should be classed as gifts and therefore attract IHT?
Any comments would be welcomed.