A Grimm example of gifts between husband and wife

A previous article in the Easy guide series on planning for non-UK domiciliaries stated: "Clean capital is cash held offshore, which can be remitted into the UK [by a non-UK domiciliary resident in the UK] without incurring a charge to income tax or capital gains tax. "Examples of possible sour-ces of clean capital can include: funds that have been received by way of gift or inheritance. Gifts between husband and wife are considered to work but the donor spouse must not in any way benefit from remittances made out of the gift. This may in practice be difficult and so great care must be ta...