2024 Lifetime Gift Tax Exemption

2024 Lifetime Gift Tax Exemption. If the bonds were sold after three years, a 20 per cent tax on gains would be payable with the benefit of indexation. There's no limit on the number of individual gifts that can be made, and couples can give double that amount if they elect to split gifts.

This amount is also subject to change based on inflation adjustments and legislative changes. In general, it’s better to give assets to your loved ones while you’re still alive rather than after you pass away.