how much can i gift to my child in the u.k
So, if you make a large gift of cash to your children, you need to survive the gift by seven years in order for it not to be taken into account. You can give away Â£3,000 per annum (or Â£6,000 if you have not used the Â£3,000 allowance in the previous tax year) and this will not be taken into account on your death.You can make larger gifts to children or grandchildren on marriage.o I would just hang onto it. The IHT threshold is quite generous and gives your children a hefty wack of unearned capital before any tax is due. Enjoy your money while you can, and suggest a pay-up-and-shut-up approach when it comes to inheritance tax. After all, it really will not bother you very much.