Helping Daughter Buy First Home

[Mammar]

I understand you can only 'gift' £3,000 per year to your children, raised to £6,000 if you haven't given them anything in the previous year.
Now, that's not going to go very far towards the purchase price of a modest flat in London.
Bearing in mind that no way is my estate going to exceed the inheritance tax limit even if I pop my clogs in the next 7 years is there any legal way I can give her a bit more than that, say, £15,000?

[factor-fiction]

You have been given the wrong information. There is no limit whatsoever on how much you can give in gifts to one person, especially when there is no IHT issue

[Old_Geezer]

Really ? I thought you could give whatever you want.

[ummmm]

You can give whatever you want.

[bhg481]

As far as I understand it you can give your daughter as much as you want. It only comes back to bite if something happens to you in the next 7 years. If you're inside the IHT limit, death won't be a problem but needing care might.

[Mammar]

Thank you all. Just off to go on Rightmove then.

[DSJ]

Good luck.