Will my daughter pay tax if she gifts me £250,000?

Will my daughter pay tax if she gifts me £250,000?

Will my daughter pay tax if she gifts me £250,000?

My daughter is receiving about £300,000 from her grandfather’s will. She is gifting me £250,000 to buy my social housing property. Will there be any tax implications?

Patrick Connolly
Tue, 10/29/2019 – 00:09

From
LR/Cambridge

As the gift you are receiving is more than the exempt tax-free amount allowed for gifts, most of it will be…

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