DovertheRoad Wrote: ------------------------------------------------------- > Thanks but this is the issue...lots of stuff > online saying it's ?3k max or there are > implications...without saying what these > are...then others saying its effectively a capital > gain so its up to the CGT limit of ?11k ish or CGT > applies..then as per Mick some saying none at all. > The sum in question is a fair bit higher than > that > > I'll check with a bean counter....thanks though. I thought my post was clear.... For any gift amount, survive 7 years and you don't have to worry, it falls out of your estate. The "implications" are if you don't survive 7 years - if so it comes within your estate, on a taper basis. The 3k is the IHT annual exemption but assuming a bigger amount you need to consider the 7 years.