Understanding the Truth: What is the 7 year rule for care home fees in England?
According to reports from financial advisors and solicitors, one of the most persistent myths surrounding elderly care is the belief in a '7 year rule' for care home fees in England. This misconception, rooted in Inheritance Tax rules, can lead to serious financial consequences for individuals and their families if misunderstood. This authoritative guide aims to clarify the distinction and explain the genuine rules around asset transfers.