iht - £250 GIFTS.

[redproducts@aol.com]

I saw that a person can make any number of cash gifts of up to £250 per year to different individuals. Gifts obviously have to be made without reservation but is there really no limit on the number? Is there any suggestion or legal requirement that the receiver of a gift cannot in turn gift the cash to a further party other than back to the initial donor? I'm sure the implication is clear!

[Lee Young]

no limit on the number of gifts, though if the same recipient receives any other amount in the same year form the donor then the exemption will not apply.

The donee can make the onwards gift as he or she thinks fit, even back to the donor, though that latter option would of course make the whole thing pointless