'Gifting' from a joint account.
Discussion
Would I be correct in assuming that my old Mum a Dad could each 'gift' £3000 from their joint account ……. or is it that from a joint account only £3k can be gifted?
And then from that same joint account can they each 'give' £250 to anybody else that they have not already gifted to?
I keep searching but can't find the answer if they can both 'gift' and 'give' from a joint account …… or if it's the joint account that has a set limit.
TIA
And then from that same joint account can they each 'give' £250 to anybody else that they have not already gifted to?
I keep searching but can't find the answer if they can both 'gift' and 'give' from a joint account …… or if it's the joint account that has a set limit.
TIA
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