How Much Can You Gift Tax Free 2024 Uk. Some gifts you give while you’re alive may be taxed after your death. You can only make such a gift once a year, and there's a limit on how much you can give:

We can confirm that there are no income tax implications on the receipt of a cash gift unless the cash gift generates interest or dividends. If you’re looking to gift money, you’re probably wondering how much you can give away without paying tax.