IHT Gift Register

Important Note

This register is designed to help organise gifting records and support discussions with professional advisers where appropriate.

The guidance below is intended to support understanding only and should not be considered financial or tax advice.

Not Yet Classified

Use this where treatment is uncertain, further review is required, or professional advice may be needed.

Annual Exemption

Often used for occasional family gifts, birthdays, Christmas gifts, and one-off support payments within available exemption allowances.

• £500 birthday gift to a child
• £2,000 contribution toward furniture
• Occasional family support payments

HMRC may apply annual exemption limits and previous gifts during the same tax year may reduce remaining allowance.

Normal Expenditure Out of Income

Often used for regular monthly support, recurring ISA contributions, standing orders, and ongoing family assistance.

• Monthly contribution to a daughter’s ISA
• Regular support for university accommodation
• Recurring transfer to help with living costs

Typically considered where gifting is regular, funded from surplus income, and does not reduce normal standard of living.

PET (Potentially Exempt Transfer)

Often used for larger gifts to individuals, significant one-off transfers, or gifts not clearly covered by another exemption.

• Contribution toward a house deposit
• Large cash transfer to an adult child
• Major family support payment

Future Reporting & Review

Future reporting features within this register may help provide additional visibility into annual exemption usage, recurring gifting patterns, larger transfers, and areas where classifications may merit further review.

Reporting is intended to support understanding and review rather than provide authoritative tax determinations.