The extension is intended to provide greater certainty for employers, allowing a degree of planning for the future. … Read more
Barbara Bento shows why HMRC's information it receives is only powerful if it is accurate. … Read more
We will provide you with the essential information you need to know to prepare for the return to the 20% VAT rate, post the COVID-19 reduction. … Read more
130 Wood Street, London, EC2V 6DL
enquiries@buzzacott.co.uk T +44 (0)20 7556 1200
This creates opportunities for more gifting / estate planning going forward. Remember that gifts to US charitable trusts could be deemed to be a settlement for UK tax purposes, assuming the settlor is considered UK domiciled or deemed domiciled. Please speak to us if you would like advice on having US/UK tax relief on charitable contributions and avoiding any UK Inheritance Tax on a settlement into trust.
There could be potential tax efficient gifts that could be considered before year-end. For example, you could make a gift of up to $15,000, per donee, per donor and not use up the current $11.18M estate tax threshold.
