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.
DEDUCTIVE, INDUCTIVE, AND ABDUCTIVE REASONING. Reasoning is the process of using existing knowledge to draw conclusions, make predictions, or construct explanations. Three methods of reasoning are the deductive, inductive, and abductive approaches. Deductive reasoning: conclusion guaranteed. Deductive reasoning starts with the assertion of a general rule and proceeds from there to a guaranteed specific conclusion.