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...
To promote 'long-term investment'
Switching 'hard and expensive'
Smaller funds still packing a punch
To drive progress