Commentary

I3.326 Gifts in consideration of marriage generally

IHT, trusts and estates

I3.326 Gifts in consideration of marriage generally

I3.326 Gifts in consideration of marriage generally

Transfers of value made by gifts in consideration of marriage (or civil partnership1) are exempt to the extent that values transferred by such transfers made by any one transferor in respect of any one marriage do not exceed £1,0002. The exempt amount is greater if the:

  1.  

    •     gift is an outright gift to a child or remoter descendant of the transferor the exemption limit is £5,000 where the gift is made by a parent of a party to the marriage3, and £2,500 in other cases4

  2.  

    •     transferor is a parent or remoter ancestor of one party to the marriage and the gift is an outright gift to the other party to the marriage, or the property comprised in the gift is settled by it (see below), the limit is £5,000 in the case of a parent of a party to the marriage5, and £2,500 in other cases6

  3.  

    •     transferor is a party to the marriage and either the gift is an outright gift to the other party to the marriage or the property comprised in the gift is

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