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Gifts under IHT allowance from Joint accounts

snappy
Posted Thu, 25 May 2023 16:41:30 GMT by snappy
My wife and I would like to gift £3000 each under the IHT Gift allowance ie my wife will give £3k to our daughter and I will give £3k to our son. Do we have to gift this from our own individual named bank accounts or can we use our joint account and still qualify for the IHT allowance of £3000 each?
HMRC Admin 10
Posted Fri, 26 May 2023 16:13:01 GMT by HMRC Admin 10
Hi
You can still use a joint account.
Thankyou.

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