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 ...
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 ...
Many people may feel taxed to death, but it's actually more than that. After you die, there may still be taxes to pay. Death can be a tax-triggering event. And there are two you should be aware of: ...
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 ...
Cash is an easy and quick present to give over Christmas – and it could protect some of your estate from the taxman down the ...
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 ...