How Brexit affects VAT and customs duty has been one of the most important issues for UK businesses in the Brexit process so far. For now, no-deal seems to have been avoided. … Read more
View the steps you need to become IR35 compliant … Read more
You will understand team dynamics and effective people manager behaviours … 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.
