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Where Taxpayers and Advisers Meet
Interaction of gift exemptions
-
Strasbourg1955
- Posts:2
- Joined:Sun Aug 04, 2024 11:42 pm
Suppose you claim “regular gifts out of income” of 4,000 and also give a gift of 2,000. Can you roll over the unused Annual Exemption of 1,000 to the next year? To put it another way, is roll-over affected by also claiming regular gifts out of income?
Re: Interaction of gift exemptions
It's an annual exemption. Unused amounts can be rolled over, but only to the next year.
With a pinch of salt take what I say, but don't exceed your RDA
Return to “Inheritance Tax, IHT, Trusts & Estates, Capital Taxes”