The most frequently asked questions about making Lifetime Gifts including how to give money and other assets without being taxed. Speak to an expert today.
The most frequently asked questions about making Lifetime Gifts including how to give money and other assets without being taxed. Speak to an expert today.More
We have prepared a handbook to answer the most pressing and common lifetime giving questions and issues including; giving property to the next generation, gifts to vulnerable individuals, how best to fulfil an individual’s philanthropic ambitions, foreign gifts and the tax benefits associated with gifts of art.
22 February 2022
TAX & ESTATE PLANNING & UK TRUSTS, TAX AND ESTATE PLANNING
Many families contend with paying school fees running into hundreds of thousands of pounds per child over the course of their education. This guide examines some tax efficient arrangements that other family members (typically grandparents) can use to contribute to these costs.
1 November 2021
PRIVATE WEALTH & TAX & ESTATE PLANNING & UK TRUSTS, TAX AND ESTATE PLANNING
CHARITY AND PHILANTHROPY & TAX & ESTATE PLANNING
Founded in 2010 by a group of ultra-wealthy individuals (including Bill and Melinda Gates and Warren Buffet), the Giving Pledge invites other wealthy people to publicly commit to giving away the majority of their wealth to philanthropy. Initially a purely …
Find out about Inheritance Tax Gift Rules including how to give money and other assets without being taxed.
Find out about Inheritance Tax Gift Rules including how to give money and other assets without being taxed.More
UK/USA TAX & ESTATE PLANNING & INTERNATIONAL TRUSTS, TAX AND ESTATE PLANNING & TAX & ESTATE PLANNING & UK TRUSTS, TAX AND ESTATE PLANNING
Considering the UK tax rules on lifetime gifts can be complex, but having to marry these with the corresponding US rules if the donor and/or recipient are also US taxpayers can make the task yet more difficult. A donor can …
PRIVATE WEALTH & UK TRUSTS, TAX AND ESTATE PLANNING
Gifts Out of Expenditure Although lifetime giving can be tax-efficient, inheritance tax will arise immediately if the donor makes outright gifts or transfers into trust in excess of their nil rate band (currently £325,000), and will also arise if the …
UK/USA TAX & ESTATE PLANNING & LUXURY ASSETS & MEDIA, ARTS AND CULTURE & TAX & ESTATE PLANNING & UK TRUSTS, TAX AND ESTATE PLANNING
The Arts Council England saw a record-breaking year in 2020 with the value of cultural objects and art entering public ownership equating to an impressive £64.5 million with £40 million of tax liabilities being settled in return. Philanthropic giving of …
INTERNATIONAL TRUSTS, TAX AND ESTATE PLANNING & PRIVATE WEALTH & TAX & ESTATE PLANNING
When considering making lifetime gifts, international elements can complicate matters. The international dimension may arise because you have assets in foreign jurisdictions or because you are resident or otherwise subject to tax in another country. In such circumstances, it is crucial …
LUXURY ASSETS & PRIVATE WEALTH & TAX & ESTATE PLANNING & UK TRUSTS, TAX AND ESTATE PLANNING & WILLS & SUCCESSION PLANNING
Given that women on average live longer than men, it is more likely that women will inherit significant wealth from their spouses and other family members than their male counterparts. As a result, a recent study states that women have …
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