Tax planning

The turmoil in the financial markets over the last year or so, and particularly over the last couple of weeks, added to falls in the housing market will have significantly reduced the value of many people's estates. But what is a time of concern for many might also be an opportunity for some - not just for picking up bargains. In terms of tax-planning, there are potentially significant advantages in taking action while values are low, especially for those able and prepared to take a long-term view. Here are some ideas for consideration. Low value gifts Assets given away within the prece...