If your gifts exceed the gift exclusion limit, they aren’t subject to tax immediately and may never be taxed unless your ...

Regardless of one's level of wealth, gifting is an important tool for an effective estate planning strategy. Individuals have many potential gifting options, both simple and complex, that may be ...

I will be inheriting a modest sum of money and want to gift some of it to my two married children. I also want to gift some money to my daughter’s two young children to be used for future educational ...

Incredibly, almost three-quarters of us don't realise that regular gifts made from spare income can fall immediately outside ...

A family has been ordered to pay £176,000 in inheritance tax by the court after wrongly interpreting gifting rules, which they thought would mean they avoided a bill after their father died. The ...

Gifting cash may seem like a relatively simple act of generosity to family or friends. You must make sure, however, that ...

The average inheritance tax bill is expected to increase by £34,000 next April. The HMRC charge is a steep 40% on your estate's value, but giving away some of this value in specific ways before your ...

Having paid 40 per cent tax on those earnings, I'd rather not end up with it getting caught by inheritance tax too, so I'd like to give it away now.