Maximum Gift Amount 2024 Uk . Your annual gift allowance enables you to gift money or valuables worth up to £3k, tax free. You can give away any amount of money you want but if you give more than the £3000 limit each year you will have to start paying inheritance tax.
However, this can only be. Depending on when you gave the gift, ‘taper relief’ might mean the inheritance tax charged on the gift is less than 40%.
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