ext_27513 ([identity profile] robert-jones.livejournal.com) wrote in [personal profile] atreic 2012-06-06 03:13 pm (UTC)

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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