2025 Gift Tax Limit Uk. For example, if you did not gift any money in the 2023/2024 tax year, in the 2024/2025 tax year you may gift £6000 inheritance tax free. You can only make such a gift once a year, and there's a limit on how much you can give:
For example, if you did not gift any money in the 2023/2024 tax year, in the 2024/2025 tax year you may gift £6000 inheritance tax free. Including the who pays it, the threshold and how much you can gift without an inheritance tax bill