{"id":937,"date":"2019-02-04T00:00:00","date_gmt":"2019-02-04T00:00:00","guid":{"rendered":"https:\/\/slacc.co.uk\/index.php\/what-can-you-give-away-before-the-end-of-the-tax-year\/"},"modified":"2019-02-04T00:00:00","modified_gmt":"2019-02-04T00:00:00","slug":"what-can-you-give-away-before-the-end-of-the-tax-year","status":"publish","type":"post","link":"https:\/\/slacc.co.uk\/index.php\/what-can-you-give-away-before-the-end-of-the-tax-year\/","title":{"rendered":"What can you give away before the end of the tax year?"},"content":{"rendered":"<p>You can give away &pound;3,000 worth of gifts each tax year (6 April to 5 April) without them being added to the value of your estate. This is known as your &lsquo;annual exemption&rsquo;.<\/p>\n<p>You can carry any unused annual exemption forward to the next year &#8211; but only for one year.<\/p>\n<p>Each tax year, you can also give away:<\/p>\n<ul>\n<li>wedding or civil ceremony gifts of up to &pound;1,000 per person (&pound;2,500 for a grandchild or great-grandchild, &pound;5,000 for a child)<\/li>\n<li>normal gifts out of your income, for example Christmas or birthday presents &#8211; you must be able to maintain your standard of living after making the gift<\/li>\n<li>payments to help with another person&rsquo;s living costs, such as an elderly relative or a child under 18<\/li>\n<li>gifts to charities and political parties<\/li>\n<\/ul>\n<p>You can use more than one of these exemptions on the same person &#8211; for example, you could give your grandchild gifts for her birthday and wedding in the same tax year.<\/p>\n<p><strong>Small gifts up to &pound;250<\/strong><\/p>\n<p>You can give as many gifts of up to &pound;250 per person as you want during the tax year as long as you have not used another exemption on the same person.<\/p>\n<!-- -->","protected":false},"excerpt":{"rendered":"<p>You can give away &pound;3,000 worth of gifts each tax year (6 April to 5 April) without them being added to the value of your estate. This is known as your &lsquo;annual exemption&rsquo;. You can carry any unused annual exemption forward to the next year &#8211; but only for one year. Each tax year, you [&hellip;]<\/p>\n","protected":false},"author":0,"featured_media":0,"comment_status":"closed","ping_status":"closed","sticky":false,"template":"","format":"standard","meta":{"footnotes":"","_links_to":"","_links_to_target":""},"categories":[1],"tags":[],"class_list":["post-937","post","type-post","status-publish","format-standard","hentry","category-uncategorized"],"_links":{"self":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/937","targetHints":{"allow":["GET"]}}],"collection":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts"}],"about":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/types\/post"}],"replies":[{"embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/comments?post=937"}],"version-history":[{"count":0,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/posts\/937\/revisions"}],"wp:attachment":[{"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/media?parent=937"}],"wp:term":[{"taxonomy":"category","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/categories?post=937"},{"taxonomy":"post_tag","embeddable":true,"href":"https:\/\/slacc.co.uk\/index.php\/wp-json\/wp\/v2\/tags?post=937"}],"curies":[{"name":"wp","href":"https:\/\/api.w.org\/{rel}","templated":true}]}}