Me and my brother are both getting married this year. Can each one of us receive the £5000 gift allowance? And can my mother and father gift us £5000 each from their individual accounts
There s no straighty es or no answer to that.
Does anyone have POA for them?
Who has decided on 5K?
You, as POA are not allowed to profit from the donor.
£5000 is a lot of money! Particually as there are two of you.
have they historically even been kn
My parents certainly didntgive me a huge sum like tharesumably, if you have POA the
My mother agrees with it and my father isn't at the stage of dementia that he doesn't know what's going on. My mother has full mental capacity
There are multiple rules to consider, it's legal to drive below the speed limit but this does not allow you to drive through a red light.They are legally allowed to gift it.
Yes they have given over the years large sums of money.You, as POA are not allowed to profit from the donor.
£5000 is a lot of money! Particually as there are two of you.
have they historically even been known to give awaythat sort of money before?
My parents certainly didntgive me a huge sum like that when I got married.
Them giving it is one thing, presumably, if you have POA they are not giving it ( Ie was it their idea?) you are more kinda taking it!