SEARCH, INDEX, UPDATES, CONTENTS, SERVICES, TAX PLANNING, INVESTMENT INCOME
Less tax may be payable if investments are gifted to a taxpayer who pays tax at a lower marginal rate than the donor.
The gift has to genuine, and may incur an inheritance tax (IHT) consequence. A gift to a spouse incurs no immediate IHT consequence.
Income arising from an investment follows ownership of the investment.
Transfer of Offshore Roll-Up Funds and Single Premium Bonds can achieve an "instant" transfer of income.
Reminder - disclaimer applies. Please feedback your comments.