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Gifting can be a great way to give children or grandchildren a great start in life, while reducing the future value of your estate for inheritance tax purposes. But while gifts aren’t subject to income tax, there are other tax implications to consider – some gifts can be included in your estate and therefore potentially subject to inheritance tax (IHT).
Below we explain how to make gifts in the most tax-efficient way.
The only person who got all his work done by Friday was Robinson Crusoe.
Anything i post over three lines long please assume it is an article lol.