This research explored the prevalence of gifting in the general population and how it varied between different groups, based on a new quantitative survey was conducted with a representative sample of adults in Great Britain. The survey also explored the nature of gifting – including the number and value of gifts given, who they were given to, and the motivations for doing so – as well as awareness of inheritance tax rules and exemptions.
The findings in this report cover:
- the incidence of recent gifting, and lifetime gifting, in the general population
- how the incidence varies by different demographic characteristics – such as age, wealth, income, marital status and whether or not the individual had children
- the nature of gifting behaviour and the reasons for this gifting
- awareness of inheritance tax rules and exemptions and their impact on behaviour