Gift Limit 2024 Per Person Uk. Starting on january 1, 2024, the annual exclusion on gifts will be $18,000 per recipient (up from. The 2024 lifetime gift limit is $13.61 million, up from $12.92 million in 2023.

And because it’s per person, married couples can exclude double that in lifetime gifts. You can give as many gifts of up to £250 per person as you want each tax year.