“One of the best ways to cut the amount of tax you have to pay is to make gifts during your lifetime,” says Sarah Coles, head ...

You can also give away regular gifts for birthdays or Christmas from your usual income tax-free. Other allowances to note ...

Ms Partridge warned that given the economy has failed to grow as minister hoped it would, Chancellor Rachel Reeves has only ...

Experts have warned there could be changes to inheritance tax allowances in the Spring Statement this week. Chancellor Rachel ...

I started a modest software company 27 years ago, and now earn up to £8million a year. Can I gift money to my children to ...

Should I leave it to them in my will and pay inheritance tax; sell it now and give them the money, but pay capital gains tax; ...

Or could we only give to one child per year? Are the gifts really received tax-free? It would seem to me that this would avoid quite a bit of taxes down the road. What’s the best strategy for ...

This means you could give a total of $216,000 in tax-free gifts. Remember: staying under these limits per recipient exempts you from filing a gift tax return for the year. However, the annual ...

Gift tax may also apply when someone offers a low-interest or interest-free loan, or when they sell something at less than its full market value. Not everything counts as a taxable gift.

While you are eligible to make this gift starting at 70 ½, when you turn 73 you must take a Required Minimum Distribution (RMD) from your IRA, and a QCD will count towards that RMD. Calculate your RMD ...