Tag Archives: lifetime giving

Can I gift my holiday home or rental property to my children

Posted on January 24, 2022 by Molly Jones

Transferring ownership of property from parent to child in the UK The principal tax to consider when making gifts is inheritance tax (IHT). The gift of a property will be a ‘potentially exempt transfer’. If you survive the gift for …

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Gifts with international elements

Posted on December 10, 2021 by Molly Jones

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 …

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Can I give my home to my children (and still live in it)?

Posted on November 19, 2021 by Molly Jones

For many people, their home is one of their most valuable assets, if not the most valuable. It is therefore an obvious candidate for lifetime estate planning. The question therefore often comes us as to whether it is possible for …

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US/UK giving

Posted on November 10, 2021 by Molly Jones

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 …

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