• £2,600 Morgage Gift

    By Guest on 13th Jun 2021

    I have a questions regarding a small gift amount we are giving to our daughter and future son in law to help along with the deposit of their first home and have been asked for paperwork as if we are buying it. 
    Do we have to produce 3 month banks statements ect when this amount should fall under the yearly tax free gift allowance and therefore there shouldn't be any issue for IHT if we were to pass away or insolvency. Should we not only be giving the normal proof of identity and residence. Any help would be much appriciated in advance.

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