Hi, I'm new to this but need advice. My parents have given me and my brother a substantial cash gift.Find out everything you need to know about gifted deposits with Halifax. From knowing who can gift them, to rules and important tax issues to be aware of. Our Deed of Gift template is for use in the UK. The deed can cover gifts of money, property and other assets, such as land and buildings. What should be in a gifted deposit letter? The letter must explain who is gifting the money, where the donor's funds are coming from and the relationship between the donor and the recipient. How does a gifted deposit work? A short letter like this sample gift letter will cover all of the requirements your lender needs. Legal professional privilege varies from country to country.