Mark Green, head of tax & estate planning at Legal & General, explains why advisers should now be keeping record of gifts made by clients over a 14-year period, rather than just seven.
Although many will have heard of the potential ‘14-year effect’ for lifetime gifts, it will probably be fair to say that few can recall what it is and what the implications are. However the consequences...
Achievements, charity work and other happy snippets
Appetite has suffered since Brexit vote
'Failure to pay attention can result in enforcement'
200,000 LISAs opened so far
From June 2019