Gift Tax Limit 2025 Uk. There are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. Understanding how gift tax works and using strategies such as gift splitting, giving in trust, and structuring your gifts can help you lower or avoid any potential liabilities that come with gifting large amounts of money.
Knowing the annual gift tax exclusion can save you money and spare you from filing gift. You can receive a gift of £6000 in a single tax year without tax being required, but you cannot receive a gift of £9000 in a single tax year.