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Annual Tax free Gift Allowance for 2 parents

lionheart79 · 2025-04-23 23:02:11

Hi all Can one parent gift on behalf of the other in relation to annual tax free limits? Each person has a £3000 annual allowance (ignoring the £250 small gifts) For 2 parents, this would be £6000. But if one spouse is the "dominant partner" when it comes to financial affairs, is it ok for all gifts to come from their…

Comments

lionheart79 Posts: 17 Forumite

24 April 2025 at 9:17PM

Thanks for the responses. In regards to the accounts, each spouse has their own, but no joint account. This isn't a question of mental capacity or power of attorney - just that one spouse leaves it to the other to act for the both of them, predominately from one account only.

@Bookwork225 had the scenario right; whether the £3k exemption allowance per person could be combined for a married couple with just one spouse having an effective £6k exemption allowance.

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