Skip to main content

This is a new service – your feedback will help us to improve it.

Posted Thu, 05 May 2022 09:29:06 GMT by Roy_F
If via tenants in common I am gifted 1/3 or my parent's house, accepting all the IHT is understood, what do I declare to whom (if anything) in terms of it being a "gift" worth over the £3k gift limit ? Thanks.
Posted Wed, 11 May 2022 09:43:41 GMT by HMRC Admin 19
Hi,

You are not required to declare a gift of property from a parent to HMRC.

There may however be Inheritance Tax consequences in due course and you may wish to contact them for advice:                                       

Inheritance Tax: general enquiries

Thank you.

You must be signed in to post in this forum.