Iht regular gifts from income

Ciprico

As above clearly pension and dividends count as income but do capital gains on shares count as income? 

Ie if a parent bought 100k of shares and a year later they were worth 112k could 12k be sold and given as 1k per month as gifts free of IHT

Jeremy535897

No they do not. Income for this purpose does not include capital gains (even if tax law taxes them as income). See:
https://www.gov.uk/hmrc-internal-manuals/inheritance-tax-manual/ihtm14250

Grumpy_chap

In today's climate, those shares rising from £100k to £112k have only kept up with inflation, especially after tax has been applied.

Keep_pedalling

You are not still trying to wangle this on to that one off gift from 6 years ago are you?

https://forums.moneysavingexpert.com/discussion/6362396/iht-gift-out-of-income#latest

Ciprico

No...  That tax has been declared and paid. This is looking at how to streamline things going forward. One area being to maximise gifts from income, so looking to maximise income.... 

Keep_pedalling

Ciprico said:

No...  That tax has been declared and paid. This is looking at how to streamline things going forward. One area being to maximise gifts from income, so looking to maximise income.... 

Not easy to do once you are retired. Most people’s excess income will also be being squeezed by rising expenditure so even staying static is difficult with the current inflation levels.