IHT gifts from either parent equivalent

Ciprico Forumite Posts: 490
Part of the Furniture 100 Posts Name Dropper
As per title if I give say £10k to my son and I die tomorrow. Is that iht liable as opposed to if I had transferred 10k to my wife and the money was received by son from her account and she survives 7 years ?

This is disregarding all other IHT allowances etc



  • Sea_Shell
    Sea_Shell Forumite Posts: 8,867
    Eighth Anniversary 1,000 Posts Photogenic Name Dropper
    AIUI it would be treated as YOUR gift if it came from a sole account, but a JOINT gift is the account is joint.

    So if sole accounts and a spouse is significantly younger (or in better health) and likely to outlive the other, it would make perfect sense (to me) to have the gift come from the younger spouse.

    Unless I've missed something.
    How's it going, AKA, Nutwatch? - 12 month spends to date = 3.34% of current retirement "pot" (as at end August 2023)
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