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IHT regarding wedding contributions
davee64_2
Posts: 12
Forumite
We gave our daughter £6k towards their wedding (they are so expensive) and purchased furniture bringing total to just over £10k.
This was 9 years ago.
Would this fall onto the IHT bracket?
This was 9 years ago.
Would this fall onto the IHT bracket?
0
Comments
-
No
Past the 7 years for tax purposesEx forum ambassador
Long term forum member1 -
In addition your annual gift exemption of £3,000 each you would also have the additional ‘gift in contemplation of marriage’ exemption available (£5,000 each) so even if you had died within 7 years of the gift, it would not form part of your estate for IHT purposes.
3
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