Hi, I'm new to this but need advice. My parents have given me and my brother a substantial cash gift.As I understand it, a parent can gift £3,000 per year to a child free of any IHT liability. 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. Could someone please give this the once over? My parents gifted us 24,000GBP to help us meet the financial requirements for the spouse visa. Here's a sample gift letter you can use to prove that the money is truly meant as an outright gift, with no expectation of repayment. Find out which gifts count towards the value of the estate, how to value them and work out how much Inheritance Tax may be due. Download a free gift letter template for any occasion. Use this customizable Word and PDF template to create a personalized gift letter.