While my mum was alive, she gave my brother various sums of money to help with his living costs.
He was unable to work to support his wife & 2 young children while suffering from heart failure for several years - he used an LVAD heart pump and then finally received a heart transplant in 2017.
Over the last 7 years, the gifts to my brother amount to around £50,000 in total, given at various random different times.
Does anyone know how much of this might be IHT tax-exempt? Is there a specific form or schedule for this type of exemption?
The amounts were not given at regular intervals, just each time he & his family ran out of money.
Thank you
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