Gift Tax Rates 2024 Uk. The allowance has remained the same since. You can only make such a gift once a year, and there's a limit on how much you can give:.
Instead, a gift is taxed only after you exceed your lifetime estate and gift exemption, which in 2024 is $13.61 million for individuals and $27.22 million for married. Our guide on the cgt thresholds and rates explains more.