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TonyTax
TonyTax, Tax Consultant
Category: Tax
Satisfied Customers: 15946
Experience:  Inc Tax, CGT, Corp Tax, IHT, VAT.
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What is the maximum cash gift to a grandchild before tax per

Resolved Question:

What is the maximum cash gift to a grandchild before tax per annum
Submitted: 1 year ago.
Category: Tax
Expert:  TonyTax replied 1 year ago.

Hi.

You can see the Inheritance Tax exempt gifts here.

You can give £3,000 per annum to one person as an IHT exempt gift. If you haven't used the £3,000 allowance from the previous tax year, you can use that in the current tax year too. The recipient won't pay tax on such gifts.

I hope this helps but let me know if you have any further questions.

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