For several years I have been making regular annual gifts to gchildren of £3k from capital ie annual allowance ,however some years I have missed but the following year I have gifted £6k…which I believe is permitted.
I have also been making irregular gifts as PETs,ie not on an annual basis.
To make full use of the allowances available could I consider the gifts made in first para to be gifts from income and with the PET gifts,..extract £3k from them for that amount to be regarded as gifts from capital?
My doubts arise from the fact that the regular gifts were nor regular in terms of continuous years!
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