IHT exemption - confusion over regular gifts of surplus income

Nomunnofun1

hoogie_doogie said:

Our estate is approximately £500000. I really want to know if I can pay for our child’s h doors and windows at her home.

The value of your estate is well below the level above which inheritance applies. There is no gift tax in the U.K. 

Give away as much as you like and keep a record (for transferable rate band purposes). There are no tax implications at all. 

poseidon1

hoogie_doogie said:

Our estate is approximately £500000. I really want to know if I can pay for our child’s h doors and windows at her home.

Of course you can. With an estate of only £500,000, you are well under any issues related to IHT ( on death) now or the foreseeable future, unless you have a massive lottery win which pushes your joint estate well north of £1 million.

In short and given the current level of your estate, give away whatever you can comfortably afford. Your children will be grateful and you will also have helped give a small boost to the local economy.