Readers questions - Inheritance Tax
Published Date:
03 December 2007
Sheila, from Newmarket, asks: How much can I give to my children each year without being liable to Inheritance Tax?
You can give £3,000 each tax year from your capital.
If you have not used that allowance in the previous year, you can give £6,000 in this tax-year.
Thus a husband and wife who had not previously made any gifts from capital could give £12,000 this year and £6,000 next year.
You can also give any amount from your regular income, although for most people this would not be practical as they need their income to live on.
The full article contains 107 words and appears in n/a newspaper.
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Last Updated:
03 December 2007 12:25 PM
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Source:
n/a
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Location:
Bury St Edmunds
