Document background
A Cash Gift Deed is essential when individuals wish to make substantial monetary gifts while ensuring proper legal documentation under English and Welsh law. This deed is particularly valuable for inheritance tax planning, providing evidence of when a gift was made for the seven-year rule calculation. The document includes crucial details such as the gift amount, payment method, and clear statements about the unconditional nature of the gift. It's commonly used in family wealth planning, particularly when parents are gifting to children or between family members. The deed helps protect both parties by clearly documenting the transfer and avoiding future disputes about whether the money was a loan or gift.
