If your brother lives for at least seven years after giving you the money, the gift will be exempt from inheritance tax. If he dies within seven years, the value of his gift to you would be added to his estate and any tax due would be paid out of his estate.
: Reasoning that seeks to establish the relationship between causes and effects Rules for using causal reasoning 1. It can be difficult to establish clear cause/effect relationships 2. This preview has intentionally blurred sections. Sign up to view the full version.
This is what is known as causation. Many events appear to be the results brought about by identifiable causes, and the human mind is geared to look for these cause/effect relationships. We get into trouble when the mind seeks or creates an artificial cause/effect relationship that doesn't actually exist.