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Gifting money

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Arlme Wed 24-Jun-26 18:35:26

My husband and I would like to gift a large cash sum to our daughter and her husband. Having googled around the subject, I understand that it might be a good idea to ask a solicitor to produce a deed of gift. Has anyone any experience of doing this and is it very complicated? Thank you.

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Jaxjacky Wed 24-Jun-26 18:45:30

As I understand it is free from inheritance tax as long as you survive for 7 years, similar to other financial gifts over the allowable amounts.

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Usedtobeblonde Wed 24-Jun-26 19:36:51

I have just gifted a sum to my GD and her partner as a house deposit.
I had to state it was a gift not a loan, I had to prove
where the money came from , money laundering precautions and prove my identity.
As this was all done through solicitors it was free of course. You may have to pay a small sum but worth it to have everything recorded.
I had to actually pay the money to the solicitors.

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