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Forums › Ask ACCA Tutor Forums › Ask the Tutor ACCA TX-UK Exams › Exemptions for IHT
this is regarding Marriage exemption
sir the 5000pounds marriage exemption is per parent right? means father and mother can together give IHT free sum upto 10,000pounds to their daughter/son upon marriage.
and similarly grandmother(/father) each can give upto 2500pounds(IHT free sum) to their grandson(/daughter)
Yes – the exemption is relevant to the individual making the transfer
