In receipt of gift in excess of income

Hi there Am getting on and am worried that my children might need to pay a lot of inheritance tax when I die. Plan to make regular gifts to them which won't affect my living standards but should prevent my savings from getting any bigger (lucky them!). As I understand it, these gifts are except from inheritance tax and I don't have to live 7 years to make sure they are exempt from IHT. I've also already paid income tax on this money but wanted to understand how these gifts are treated from my children's perspective. I think they count as "cash gifts" rather than income so should not be taxable. Could someone kindly confirm - do my children have to pay tax on these regular gifts? Thanks

Hi msd_tax,
Inheritance Tax: general enquiries
You may also want to review the guidance here:
How Inheritance Tax works: thresholds, rules and allowances
You can give away a total of £3,000 worth of gifts each tax year without them being added to the value of your estate.
This is known as your ‘annual exemption’.
You can give gifts or money up to £3,000 to one person or split the £3,000 between several people.
Thank you.