Talk to us:

01566 772375

Talk to us:

01566 772375

wills and probate solicitor

Making financial gifts during your lifetime (Part 2)

In an earlier article, Deborah Adams, head of private client department with Parnalls in Launceston, explained how making gifts of money or property during your lifetime could help reduce the inheritance tax payable on your estate when you die.  In this article she looks at how making potentially exempt lifetime transfers, under what is known

Making financial gifts during your lifetime (Part 1)

If you are fortunate enough to have financial security, and more money than you need to live comfortably, then you may want to pass on some of your wealth to your family and friends while you are still alive. Making gifts to loved ones during your lifetime can be immensely rewarding and tax efficient, but