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Thank you for your patience , after reviewing your question, yes you can gift them , if it is £150000 divided between the 3 it will be below the inheritance threshold you can gift them.
Please kindly feel free to ask if you need me to clarify my answer.
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No there is no tax due , you are correct inheritance tax will only come through after death but the amount is below the threshold, so they will not be liable to any IHT.