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UK households are being urged to "consider" gifting family £3,000 ahead of a potential Labour Party government Autumn Budget "tax attack".

Sarah Coles, from Hargreaves Lansdown, advises: "If it makes sense for you to give gifts to family, you can consider the most tax-efficient ways to do it. You can give away up to £3,000 within your annual gift allowance, and a couple could combine their exemptions.

"If you pass away within this seven-year period, the gift becomes chargeable and would then increase the overall tax bill. Your executors can claim taper relief, which reduces the tax payable on the excess you’ve gifted over your available nil rate band.

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"A Junior ISA can be given to any chi

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