Before You Gift Cash! HMRC Rules Every UK Senior Should Know (Tax Expert Explains)

Описание: #UKTaxTips #HMRCRules #SeniorFinance


Thinking of gifting money to your loved ones? WAIT! Before you hand over that cash, there are crucial HMRC rules every UK senior needs to understand to avoid unexpected tax bills and penalties.
In this video, a tax expert breaks down everything you need to know about gifting money in the UK, including the 7-year rule, annual gift allowances, exemptions, and how inheritance tax could affect your family. Whether you're planning to help your children buy a home, support grandchildren, or make charitable donations, understanding these HMRC regulations could save your family thousands of pounds.
What you'll learn:

The £3,000 annual gift allowance and how it works
Understanding the 7-year rule for inheritance tax
Small gift exemptions you can use immediately
Wedding and civil partnership gift allowances
Regular gifts from income that are tax-free
Potentially exempt transfers (PETs) explained
Common gifting mistakes that cost families money
How to keep proper records for HMRC

Don't let your generosity become a tax burden for your loved ones. Watch now to make informed decisions about gifting cash and protecting your family's financial future.


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