avavav Vaughan
Joined: 3/13/2025
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RE: Gifting money from the UK to children in Australia
The HMRC response above states 'no tax implications' re the original query. Does this also include UK IHT exemption? -
RE: Inheritance Tax
This is a really important question, isn't it? I've also looked on the link above, and cannot find 100% clarity. I would love to have a definitive answer to the same question. Did you find out? I'm reluctant to phone HMRC because of the reputed long waiting times on hold. -
Gifting money to Australia
Can I gift money to an Australian citizen without it being subject to the IHT gift limit rules? I am a UK resident (British nationality) and the recipient lives permanently in Australia. For example, if I sent £20,000 as a personal gift and if I died within 7 years, would this gift potentially count towards IHT liability, or would it be totally exempt from UK tax as the recipient is Australian? I know that there is no IHT in Australia, so I am just looking at this from the perspective of UK tax rules.