Maximum Gift Amount 2024 Uk . There are two of the coveted £1million jackpot prizes, which keep savers coming back every month. You can give up to £250 to as many individuals as you like, provided they haven’t already benefited from your annual £3,000 exemption.
If your gift(s) amount to more than £325,000 in the seven years prior to your death, then inheritance tax on the amount above £325,000 (in addition to any inheritance tax due on the remaining estate) will be charged on a sliding. How much money can you give as a gift?
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