IHT - Gifts

[Jason123456]

If a gift is made from a joint bank account by one of the joint holders by way of an online payment,...from an IHT viewpoint, would it be seen as a gift from that person making the payment (£X) or a payment from the joint holders (£X/2 x 2)?

[Jholm]

Ignoring the specific bank account it is paid from, who is actually making the gift?

[Jason123456]

Ignoring the specific bank account it is paid from, who is actually making the gift?

A Parent to a child,...or a Grandparent to a grandchild.

[Jholm]

50% each if it is just 'coming out of that account'.....

[Jason123456]

50% each if it is just 'coming out of that account'.....

Thank you!

[pawncob]

Unless, of course, there's evidence to the contrary.

[Jason123456]

Unless, of course, there's evidence to the contrary.

??

[pawncob]

It is assumed to be equal. There may be evidence, (letters/deeds etc) which show otherwise.

[Jason123456]

Thank you!

[Jason123456]

I presume nothing changes if only of of the account holders is the main contributor to the joint account?