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.
The process of establishing cause and effect is a matter of ensuring that the potential influence of 'missing variables' is minimized. One notable example, by the researchers Balnaves and Caputi, looked at the academic performance of university students and attempted to find a correlation with age.