'Gifting' from a joint account.
'Gifting' from a joint account.
Author
Discussion

Squiggs

Original Poster:

1,520 posts

185 months

Tuesday 4th September 2018
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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

Simpo Two

92,807 posts

295 months

Tuesday 4th September 2018
quotequote all
Logic dictates it's got to be per individual, not per account.

Eric Mc

125,680 posts

295 months

Wednesday 5th September 2018
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It's per individual. Each individual can add an additional £3,000 to their gift if they did not make a £3,000 gift last year.

Squiggs

Original Poster:

1,520 posts

185 months

Wednesday 5th September 2018
quotequote all
Thanks