If a parent won the lottery, can they help their children

krlyr

ikkle87 wrote: »

have you won the lottery?

And, more importantly, do you fancy adopting a daughter? :rotfl:

moneypuddle

I can be an adopt-a-daughter too. I'm 27, house trained, got a baby on the way and would love to lessen the load of spending your fortune too

mnickels

krlyr wrote: »

And, more importantly, do you fancy adopting a daughter? :rotfl:

I have 3 daughters already thanks and nothing to gift

mnickels

moneypuddle wrote: »

I can be an adopt-a-daughter too. I'm 27, house trained, got a baby on the way and would love to lessen the load of spending your fortune too

Too young to be a granda thanks

McKneff

mnickels wrote: »

Too young to be a granda thanks

Well, I could come and be your nana:D

Mrs_Arcanum

mnickels wrote: »

How would you prove this retrospectively?

You could only really do this with family at the time of claiming the money, but only as a family syndicate rather than an official one.

mnickels

McKneff wrote: »

Well, I could come and be your nana:D

Will keep you in mind

mnickels

MX5huggy wrote: »

Forget that it is a lottery win, to HMRC its just an asset

This covers gifts and the 7 year rule:-

http://www.hmrc.gov.uk/inheritancetax/pass-money-property/exempt-gifts.htm

Thanks for this info, answers a lot