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Gift money from Mother to children?

How much savings money can a mother give to her children legally.

E.g If someone had say £10k in saving. Can they gift £4k to there children?

If possible please provide website link to source. Tried looking and cannot find info out.

Thanks.

Comments

  • CLAPTON
    CLAPTON Posts: 41,865 Forumite
    10,000 Posts Combo Breaker
    a mother (or non mothers too) can legally give anything she likes to anyone she likes

    if however she deliberately deprives herself of funds so she can get money from other tax payers, that's fraud
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