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crazydaisy
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Forum Member
Total Posts: 4 Joined: 09 Jun 07 Member #18
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Hi there, Please could anyone advise on there being any inheritance tax strings regarding grandchildren receiving cash gifts from grandparents as this is something my parents are contemplating. Thank you
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lucydu52
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Forum Member
Total Posts: 4 Joined: 11 Jun 07 Member #25
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I have had a look at this before and I think you will find all the relevant information on the inland revenue site. I do know that with cash gifts there is a limit on the amount that can given a year and also if the person giving the gift dies within a certain time of giving various gifts there are implications. I hope you find the answers you are after.
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crazydaisy
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Forum Member
Total Posts: 4 Joined: 09 Jun 07 Member #18
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Thanks for the advice Lucy.
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