Small Gift Exemption (UK Inheritance Tax)

Small Gift Exemption

Each year an individual can make a lifetime gift of up to £250 per year per recipient and this gift will be EXEMPT from INHERITANCE TAX.

The donor can make gifts up to £250 to ANY NUMBER of recipients.

CRUCIALLY, if the gift exceeds £250 or if the recipient receives over £250 of gifts from that donor in the same tax year then the gift(s) will lose their EXEMPTION and be liable to INHERITANCE TAX.