The Inheritance Tax Implications of Gifts

Research carried out by the National Centre for Social Research (NCSR) and the Institute for Fiscal Studies (IFS) recently found that there is a ‘staggering lack of awareness’ of the inheritance tax (IHT) implications of making a financial gift. Below we outline the gifting rules and the IHT implications. Annual £3,000 exemption Every year, an … Continue reading The Inheritance Tax Implications of Gifts

Don’t Be a Lottery Loser – Protect Your Syndicate Winnings

  If you and your employees club together to take a chance on the Lottery by operating a workplace syndicate, but you do not have a formal agreement in place, a large win could cause tax issues in the future. If ever you are fortunate enough to win the jackpot, the winnings will undoubtedly be … Continue reading Don’t Be a Lottery Loser – Protect Your Syndicate Winnings