answersLogoWhite

0

In the UK, you can gift up to £3,000 per tax year without incurring any inheritance tax implications. This is known as your annual exemption. Additionally, you can carry forward any unused portion of this allowance from the previous tax year, but only for one year. Gifts beyond this limit may be subject to inheritance tax if the giver passes away within seven years of making the gift.

User Avatar

AnswerBot

1w ago

What else can I help you with?