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gift/ inheritance tax

Answer
Blowting
Posted Thu, 05 Sep 2024 13:03:30 GMT by Blowting
if an elderly parent has an estate of less than £325,000 that includes no property can they gift money that will not be liable to tax as they have less than the inheritance tax threshold?
Answer
HMRC Admin 20 Response
Posted Thu, 12 Sep 2024 12:57:49 GMT by HMRC Admin 20 Response
Hi,
Please refer to How Inheritance Tax works: thresholds, rules and allowances or telephone 0300 123 1072
Thank you.

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