While we may need to retain sufficient funds to maintain our standard of living, Partner Ross Brown looks at the issue of gifting and inheritance tax planning and asks should we be gifting more in a tax-efficient way?
As we approach the festive season, giving and what to buy for family and friends is uppermost in our minds. Planning that special gift and picturing the recipient’s face light up with delight is all part of the fun – well, for some of us it is. However, are there other benefits to being more generous this year and in future years?[Read more…] about Inheritance Tax Planning: To gift, or not to gift – that is the question