I gift 3k to no. 1 offspring every year and I understand I can gift another 3k to their spouse; with no gift tax arising.
At present the a/c is in offspring's name; if I increase my annual gift to 6k does the a/c need to be in their joint names to satisfy any Revenue enquiry?
At present the a/c is in offspring's name; if I increase my annual gift to 6k does the a/c need to be in their joint names to satisfy any Revenue enquiry?