How much money can you gift someone
Regarding inheritance tax, a donor can gift up to £3000 free of inheritance tax, plus the annual small gifts exception of £250 up to a maximum of 10 separate people. This is a total allowance of £5,500. Any gifts made by a power of attorney above this amount will require an application to the Court of Protection for authorisation. Regardless, they must meet the other criteria including being affordable by the donor and in keeping with their normal behaviour.