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Taxing gifts.

Community Veteran
Posts: 6,824
Thanks: 1
Registered: ‎27-10-2012

Re: Taxing gifts.

I think you can carry the £3,000 forward one tax year if you did not use it the previous tax year.
You can also make gifts of up to £250 to as many people as you like during a tax year - without being subject to IHT.
Charitable donations are not subject to IHT. Maintenance payments are exempt from IHT, if you make them. You can also make a wedding gift that will not be subject to IHT.