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This gift to your son is regarded as a potentially exempt transfer for inheritance tax purposes. If you survive for seven years after making a gift to someone, the gift is generally exempt from Inheritance Tax, no matter what the value. You should keep a record of the gift and the date gift given for future reference.
More information on seven year rule - 'potentially exempt transfers' can be found here
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I notice you have viewed my response to your original question about tax implications of giving your son a large sum gift (JACUSTOMER-dsnfu29l- Last Viewed on 21/06/2013 at 11:25).
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If you are happy and there are no more issues I will appreciate if you would kindly rate the service I provided to ensure I get paid for it.