| |
|
| |
|
|
| Up to NRB |
0% |
0% |
| Chargeable lifetime gifts where in excess of the NRB |
20% |
20% |
| On death where in excess of the NRB |
40% |
40% |
| |
|
|
| Total annual gifts (for each donor)* |
3,000 |
3,000 |
| Small gifts (for each donee) |
|
250 |
250 |
| Gifts made from surplus income |
Unlimited |
Unlimited |
| |
|
|
| Gift by a parent |
5,000 |
5,000 |
| Gift by a grandparent |
2,500 |
2,500 |
| Gift by any other person |
1,000 |
1,000 |
| |
|
|
| Gifts made to individuals and certain types of trust are potentially exempt, provided the donor survives for seven years. If they die within that period taper relief (below) is available if the gift is taxable. |
| |
|
|
| 0 |
100% |
|
| 1 |
100% |
|
| 2 |
100% |
|
| 3 |
80% |
|
| 4 |
60% |
|
| 5 |
40% |
|
| 6 |
20% |
|
| 7 |
0% |
|
| |
|
|
|
