gifting money ?

[honey33]

if for instance a parent wants to give you £10.000 can they do that and will the reciever not get into trouble for accepting?

and say if that person dies or ends up in a care home in say 2yrs time.. will the reciever of the money have to give it to government even tho the totall amount of which the parent has does not even come close to the inheritance tax threshhold

[Buenchico]

Anyone is free to give their money to whom they like at any time, without restriction.

However if the donor dies within 7 years, some or all of that money will still count as part of their estate when liability for Inheritance Tax is calculated:
http://www.hmrc.gov.u...ey-property/index.htm

See 'Trying to avoid care home fee payments', here, for information upon the effect of gifts given by someone who enters into a care home:
http://www.direct.gov...CareHomes/DG_10031523

It's also worth remembering that the increased assets of the person receiving the gift might affect their entitlement to certain state benefits (or, for example, to legal aid if it's required for some purpose).

Chris

[woolleysheep]

would it then put the GIVER onto benefits