An example might be if I pay £50,000 for my daughter's wedding.gryffron wrote:Don’t forget that “gifts out of income” are exempt from IHT. So as well as documenting all gifts you would need to record your “surplus” income for the year as well. I suspect this would be VERY hard for HMRC to challenge. As there is no other tax requirement to measure “normal” expenditure.
In a sense that is a gift to her. But I would never think to include that in my record of gifts made, whether from capital or income. It is just a parental expense, even if my daughter is 35.