Gifts - Parents to Children

[uuf361]

This is probably a very daft question, but want to check.

I know you can give gifts of £3,000 per annum, but can each parent give a gift of £3,000 to each child, i.e. £6,000 per annum ?

HMRC is silent which means I assume they can as they have separate estates in effect but just want to ensure.....

[uuf361]

That's what I thought but always a good idea to check.

Thanks for the input

[uuf361]

Yep, knew those bits, thanks

[uuf361]

Yep, that’s being done this year to use up the 16/17 allowance too

[uuf361]

sjj84 said:

You can also give larger gifts for special occassions such as weddings. Can't remember the figure off hand, possibly 5k.

Yep, £5k for a child, £2.5k for a grandchild

[uuf361]

Eric Mc said:

If you don't plan on dying anytime soon - you can give as much as you like.

Very true