Newth Talks Tax - IHT exempt transfers

Tax writer of the year John Newth solves your tax questions.

IHT exempt transfers

Gerald Lunn raised a question on 28 January 2007 about IHT exempt gifts to be made to the next generation. The taxpayer, say, has three sons, two daughters in law and seven grandchildren. In tax year 2006/2007 can the taxpayer give each son £2,000 each, and in addition make nine gifts of £250 each to each of the daughters in law and grandchildren?

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