Giving gifts is never easy but, when IHT is involved, it becomes a whole lot trickier. Here, Neil MacGillivray explains how, if not managed appropriately, a simple gift could bring unintended consequences to beneficiaries
In the run-up to the end of the tax year, I received a lot of questions on the use of the £3,000 inheritance tax (IHT) annual exemption. It was clear from some of the questions asked that there was confusion...
Bought plans in 1988 and 1989
To be added to model portfolio service
Launched 25 September