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Gifting out of income – The overlooked way to reduce Inheritance Tax
Summary by Rotherham Taylor Chartered Accountants
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Rotherham Taylor Chartered Accountants
Rotherham Taylor Chartered AccountantsGifting out of income – The overlooked way to reduce Inheritance Tax
For many people, giving financial support to family members is an important part of their financial planning. Whether it is helping children with pension contributions or providing ongoing assistance, gifting can play an important role in Inheritance Tax (IHT) planning. The normal expenditure out of income exemption under Section 21 of the Inheritance Tax Act… Read More »Gifting out of income – The overlooked way to reduce Inheritance Tax The po…
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