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£50,000 cash gift from friend. IHT implications?

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Comments

  • SiliconChip
    SiliconChip Posts: 1,851 Forumite
    1,000 Posts Third Anniversary Name Dropper
    All the above responses saying liability rests only on the estate are technically incorrect. 

    I suggest you read my post more carefully, because I've said no such thing.
  • Bookworm105
    Bookworm105 Posts: 2,015 Forumite
    1,000 Posts First Anniversary Name Dropper
    All the above responses saying liability rests only on the estate are technically incorrect. 

    I suggest you read my post more carefully, because I've said no such thing.
    I did and no where do you directly mention the potential for the recipient to be liable, which is the actual answer to OP's question . 

    What you said assumes people are aware of how things work, which they are not.
    You said in the majority of cases... and friend should check estate can cover a bill.
    That does not directly draw attention to the potential the recipient can be liable.
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