Cash gift from grandparents to children gastroboy

#1
Hi All

Just wondering if anyone knows the answer to this. Cash gifts from grandparents aren't subject to the £100 interest limit before the tax bites, that much I get. However, what if the grandparent puts the cash into the childs account (just a regular child savings account) and then I, as the guardian of the account, move that money into a 2 year bond that is still in the child's name). Will the act of me moving the cash into a bond, mean that it's no longer "from" the grandparents, or is the source of the cash still the determining factor?



Thanks in advance.

#2
The grandparents have paid a sum into an account in the child's name and beneficially owned by the child.



That same money is then moved out of the first account into another account in the child's name and beneficially owned by the child.



The "£100 rule" does not apply.

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