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Gifting money to under 18 years
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thiswomenishot
Posts: 2 Newbie
My daughters nan is looking to gift her £30000 which she just inherited herself. Will there be anymore tax added to this?
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No, but there may be wider issues applicable, such as deprivation of assets, etc, as discussed in other threads such as this current one: https://forums.moneysavingexpert.com/discussion/6120063/mum-wants-to-gift-me-money-to-pay-mortgage0
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Is that for under 18s and my daughter is only 90
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thiswomenishot said:Is that for under 18s and my daughter is only 9It doesn't matter who the money is given to, it's the fact that it's being given away that could fall foul of the deprivation of assets rules.
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