Gift of Money to Family - Is There a Gift Tax UK?

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Information Gift of Money to Family - Is There a Gift Tax UK?

Title	:	Gift of Money to Family - Is There a Gift Tax UK?
Lasting	:	6.40
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Views	:	19 rb

If you gift money or items with a monetary value to family members, what are the potential tax implications? Something you should be aware of brbrTime Stamps: br0:40 - What counts as a gift? br2:05 - How much can you gift? br3:47 - The taxes to consider, including inheritance tax br5:20 - Special rules to take into account
Comment from : Tony D | The Chief Finance Officer

What about gifts from say ecoflow to a you tuber is there tax to be paid ?
Comment from : ajw

My sharesave is coming to an end this year I'm struggling to find information on how I can avoid capital gains by passing shares to my wife I'm set to make 40k cgt
Comment from : Iain Richard

I want to gift a house to my sister, There is no mortgage on the property I bought it 15 years ago She has lived there all this time Will continue to live there What are the tax implications?
Comment from : Yogesh Kotecha

If I gifted my son property, but he now wants to give me beneficial interest in the same Can he do that
Comment from : I-Islam

Hi you saybrbr“There is a differentiation between gifts from savings/wealth and gifts from surplus taxed income, which may be exempt”brbrSo if I give a gift from wealth what exactly is wealth? Is this not the same as giving a gift from surpluses tax income?brbrThanks
Comment from : Allen Woodward

Hi, just I want to know If I want transfer my savings in India transfering to UK bank for home buying purpose is required to pay tax?
Comment from : സുനിൽ മാലൂർ

Gov mandated theft; simple
Comment from : Johnny coyle

Great video, thanks One quick question If a married couple give regular gifts from their joint bank account, is it assumed that the gifts are 50 from each? brbrFinally, any information on the use of trusts to protect family wealth, including Flexible Reversionary Trusts ,would be of interest brbrThank you
Comment from : GordonT

Im curious about tik tok content makers who receive gifts do they have to pay tax on them?
Comment from : khanshaab9

I dont understand what you mean about the threshold increasing to £500000 if value of estate is less than £2M Please explain
Comment from : FA A

If I send money to some one out side family (living in UK) as a gift, lets say 5000 to 10,000 £ Will the receiving person face tax?
Comment from : Muhammad Saeed

Is there anyway remittance can be banned 😢sending money back home has driven us into debt, depression and hopelessness
Comment from : Angel Starz

So can I give my partner regular gifts to help her out when looking after the children and can these go against tax please?
Comment from : Gus Oliver

I need to know more about this 💪
Comment from : Gus Oliver

Hiya, this video has been super usefulbrJust wanted to know what happens if you have some sort of gift money ie part of bday or wedding but as cash Does this get taxed if you try and deposit in bank?
Comment from : Anna Jesley

My parents is Hong Kong resident They want to send me a large amount of money to buy ahouse from Hong Kong as a gift Do I need to pay tax for receiving a large amount of money as gift from my overseas parents? Also do I need to declare those gift as self assessment? Thank you very much
Comment from : Happy Pigcheela

Good video It would have been nice with a couple of example scenarios Ie I gift 30000 one year to my brother
Comment from : jay rv

if my mum gifts me 100k In Cash from her isa stocks and shares account which is tax free, is this subject to tax or not or even inetrience tax If she gives me the money now ?br(a potentially exempt transfer)as there no tax could this be subject to inheritance tax
Comment from : EBis

How's we count if it is the money in the joint bank account?
Comment from : S W Choi

Hi there, quick question, my dad passed away in 2016 leaving a property worth 800k (Didn't use his tax allowance of 325k, now if my mum sells the property and gifts the money away to us siblings as cash, will there be tax to pay still as its cash from the property sale? As in can we add dad's "unused" tax allowance to mums £500k threshold? Thanks
Comment from : tarakkhandakar

Hi Aidhan, Do you have any published video for Indian settled in UK but earn interest in Indian in NRE account? Thanks
Comment from : Manoj Garg

Hello thereMother passed away a year agoMy sister and her family live thereIts now up for sale and I believe we have a buyerMy sister owns 55 per cent and I own 45 per centThe property will sell for £530,000After expenses, will there be any taxes that I have to pay,as this money will go towards me buying a house to live in?Kind Regards, EEdison
Comment from : ER Edison

Hi,brbrI am paying a family member a sum of money every month 1-2k Would they have to pay tax on this ?
Comment from : AR

Hi Aidhan, thank you for all your very informative videos I have a question:- Is it possible to gift a fully paid off house to my sister? What will be the tax implications on doing so? Thank you
Comment from : B Gurung