Gift Limit 2025 Per Person Uk Tax
Gift Limit 2025 Per Person Uk Tax. You can give as many gifts of up to £250 per person as you want each tax year, as long as you have not used another allowance on the same person. Depending on when you gave the gift, ‘taper relief’ might mean the inheritance tax charged on the gift is less than 40%.
Depending on when you gave the gift, ‘taper relief’ might mean the inheritance tax charged on the gift is less than 40%. £1 for every £250, or part thereof, between the amount of capital disregarded and the capital upper limit.