Will my granddaughter pay tax on my wedding gift to her?

This article was first published in the Financial Times.

Mark Politz, a Partner at Thomson Snell & Pasmore, says he is sure your granddaughter will be delighted with the gift. However, HM Revenue & Customs looks very carefully at lifetime gifts because sometimes IHT can become payable on them. The rules allow grandparents to make a gift of up to £2,500 to a grandchild on the occasion of their wedding, which will always escape the IHT net.

To read the full article please visit: The Financial Times.