ext_27513 (
robert-jones.livejournal.com
) wrote
in
atreic
2012-06-06 03:13 pm (UTC)
no subject
Gifts are non-taxable. You are right that if the gift is over a certain threshold (£1000 for wedding presents and £250 otherwise), and the donor dies within 7 years, inheritance tax could potentially be due.
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