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flag UK considers capping tax-free gifts, potentially affecting family financial support.

flag The UK government is considering changes to inheritance tax (IHT) rules that could affect how much money individuals can gift tax-free to family members. flag Currently, up to £3,000 in annual gifts are tax-free, but proposed changes could introduce a lifetime cap on these gifts. flag Critics argue the reforms could penalize grandparents who support their families and reduce intergenerational financial support. flag The changes are expected to be part of the autumn budget.

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