Around £37.4 billion was given away in gifts to family and friends as part of Inheritance Tax (IHT) planning last year with handouts averaging more than £1,500, according to research from Handelsbanken Wealth & Asset Management.
The Handelsbanken study of 2000 UK adults found more than one in four adults (28 percent ) – the equivalent of 14.6 million people – gave cash gifts between January 2021 and January 2022. Just under a quarter (24 percent) – or 12.6 million people - g...
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