Learn about gifts in trust and how they help distribute assets according to the grantor's wishes and protect wealth for ...
If your late loved one was generous with gifts, then unless they kept good records you might have to turn detective when filling in inheritance tax forms. Even when an estate is not large enough to ...
Families are often able to build up a substantial net worth through owning property, like a farm, or a small business. Unfortunately, time and time again, a patriarch’s plans to pass his legacy on to ...
For income or corporation tax purposes, gifts to customers are only tax-deductible if they meet strict conditions. The gift ...
Sometimes, a parent will give money or property to a child or grandchild while the parent is alive. Gifts made while the gift-giver is alive are legally called “inter vivos” gifts. When there are ...
From self-assessment tax returns to HMRC struggles, the Telegraph’s tax expert, Mike Warburton, answered all the tax questions that have been bothering you. Last week, Mike shed a light into which ...
Giving gifts can be a way to pass on wealth and reduce the inheritance tax bill on your estate but do it wrong and you could ...
With inheritance tax (IHT) bills rising fast, giving financial gifts to your loved ones early could be a great way to reduce your inheritance tax bill. Last tax year, IHT revenues hit a record high of ...
However, when you're gifting cash, you'll have to keep HMRC in the back of your mind as you could risk your family facing an ...
Cash is an easy and quick present to give over Christmas – and it could protect some of your estate from the taxman down the ...
The Treasury ruled out relief changes to Inheritance Tax earlier this week despite recommendations from the Office of Tax Simplifications (OTS) to the contrary. As it turned down suggestions to ...