Non-motoring > Gifting money to children Miscellaneous
Thread Author: smokie Replies: 32
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New Sun 9 May 21 18:49 
 Gifting money to children - Netsur
I discovered from my accountant a few years ago that 'gifts out of income' are tax exempt for IHT.

If you can show that your annual regular living expenses are below your annual income then the surplus can be distributed free of IHT if you die within seven years.

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 Gifting money to children new smokie 7 May 21 11:49
 Gifting money to children new James Loveless 7 May 21 12:09
 Gifting money to children new Rudedog 7 May 21 12:51
 Gifting money to children new smokie 7 May 21 12:59
 Gifting money to children new Terry 7 May 21 13:02
 Gifting money to children new Rudedog 7 May 21 13:19
 Gifting money to children new Fullchat 7 May 21 13:32
 Gifting money to children new Falkirk Bairn 7 May 21 14:03
 Gifting money to children new Falkirk Bairn 7 May 21 14:24
 Gifting money to children new sherlock47 7 May 21 14:52
 Gifting money to children new bathtub tom 7 May 21 14:59
 Gifting money to children new Bromptonaut 7 May 21 15:16
 Gifting money to children new smokie 7 May 21 15:57
 Gifting money to children new Duncan 7 May 21 16:48
 Gifting money to children new smokie 7 May 21 17:14
 Gifting money to children new martin aston 7 May 21 18:03
 Gifting money to children new hawkeye 11 May 21 09:19
 Gifting money to children new Biggles 7 May 21 18:20
 Gifting money to children new Fullchat 7 May 21 18:52
 Gifting money to children new smokie 7 May 21 20:20
 Gifting money to children new Netsur 9 May 21 18:49
 Gifting money to children new legacylad 9 May 21 19:05
 Gifting money to children new R.P. 9 May 21 19:20
 Gifting money to children new legacylad 9 May 21 20:07
 Gifting money to children new Bromptonaut 9 May 21 20:26
 Gifting money to children new legacylad 9 May 21 20:39
 Gifting money to children new neiltoo 10 May 21 11:00
 Gifting money to children new legacylad 10 May 21 11:47
 Gifting money to children new sherlock47 10 May 21 12:04
 Gifting money to children new Zero 10 May 21 12:10
 Gifting money to children new legacylad 10 May 21 17:41
 Gifting money to children new sherlock47 10 May 21 12:02
 Gifting money to children new Zero 10 May 21 12:07
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