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

Article first published in the Financial Times.

Associate 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.

You can also make gifts of capital totalling up to…

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