Question about gifting - Annual Tax free Allowance and PET's

Growingold

I wonder if anyone can help me answer this question?

I have an unused Annual Tax Free Allowance of £3,000 from the  last tax year which I can carry forward and use in this tax year making £6.000 in Total.  My question is can I make an additional PET to the same recipient so they would receive both my Annual Tax free Allowance and another amount (PET).
Thanks

HappyHarry

Yes. You can gift as much as you like. In your situation the first £6,000 will be exempt and the remainder will be a PET.

Growingold

HappyHarry said:

Yes. You can gift as much as you like.

But by making a PET to the same person will that negate the Tax Free Allowances already gifted this year and make them PET too

HappyHarry

Growingold said:

HappyHarry said:

Yes. You can gift as much as you like.

But by making a PET to the same person will that negate the Tax Free Allowances already gifted this year and make them PET too

No it won't.

if you gift someone £100,000 then in your situation £6,000 will be exempt and £94,000 will be a PET.