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Anon admires Hakimi
(sh.itjust.works)
This is a place to share greentexts and witness the confounding life of Anon. If you're new to the Greentext community, think of it as a sort of zoo with Anon as the main attraction.
Be warned:
If you find yourself getting angry (or god forbid, agreeing) with something Anon has said, you might be doing it wrong.
UK has a gift tax. Only up to £3000 per annum is tax free
That's sort of true, it's a 3k allowance per year relating to inheritance tax. So if you give someone 6k and die 2 years later, no tax. You give them 9k and 3k is taxable.
After 7 years it all becomes exempt.
It's basically to stop people bypassing inheritance tax by giving it all away.
So if you give it all away 7 years before you die then you don't pay tax on it?
That's my understanding 🤷