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How much money can you receive as a gift per year
pedro1010
Posts: 2 Newbie
My mother wants to pay off my mortgage will i have to pay tax on money she gives me it as over £17000.00 Can anyone help
0
Comments
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You don't pay tax on gifts but should your mother die within 7yrs some or all of it may be counted as part of her estate in deciding whether [and possibly how much] IHT is applicable.0
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