Also its ?3k (total) per tax year from the donor to one or more people

i.e if the donor gives 2 x ?3k in a tax year, only ?3k will be tax exempt the other ?3k comes into the Inheritance tax calculation (so long as the whole estate is over the IHT allowance roughly ?280k ish).

Other gifts may be exempt such as re Weddings. I think the figure may be ?5k re a wedding but I am not certain.

Posted By: Commisar_Canary, Oct 10, 01:52:30