Hi
Two years ago I received a nice inheritance of £40k and I've now decided that I would like to share it with my brothers and parents. How much can I give to each of them as a one off payment without it having any tax implications to them or me? I had been thinking of £10k each to the brothers and £10k between the parents, thus giving out £30k in total - or would splitting it down further by giving £5k to each individual person including the sister in laws be a better approach? Grateful for any help as this is all a complete minefield to me!
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