We’d like to remind Forumites to please avoid political debate on the Forum.
This is to keep it a safe and useful space for MoneySaving discussions. Threads that are – or become – political in nature may be removed in line with the Forum’s rules. Thank you for your understanding.
📨 Have you signed up to the Forum's new Email Digest yet? Get a selection of trending threads sent straight to your inbox daily, weekly or monthly!
The Forum now has a brand new text editor, adding a bunch of handy features to use when creating posts. Read more in our how-to guide
IHT regarding wedding contributions
davee64_2
Posts: 9 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
Confirm your email address to Create Threads and Reply
Categories
- All Categories
- 353.5K Banking & Borrowing
- 254.2K Reduce Debt & Boost Income
- 455.1K Spending & Discounts
- 246.6K Work, Benefits & Business
- 603K Mortgages, Homes & Bills
- 178.1K Life & Family
- 260.6K Travel & Transport
- 1.5M Hobbies & Leisure
- 16K Discuss & Feedback
- 37.7K Read-Only Boards