Riva Verine

How Much Money Can You Gift Tax Free 2024 Uk. It's effectively a refund and is linked to the rate at which you pay income tax. This means you can give away assets or cash up to a total of £3,000 in a tax year.

Knowing the annual gift tax exclusion can save you money and spare you from filing gift tax. This means you can give money from your salary or pension and it won’t count towards your inheritance tax.