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Personal tax articles tagged with term 'tax-free gifts'

Personal Tax-free Gifts and Potentially Exempt Transfers (PETs)

When considering inheritance tax, if you do have some resources to spare, make as full use as possible of the annual £3,000 exemption, regular gifts out of income and such like.

Personal Inheritance Tax-Saving Ideas

When the first of a married couple or civil partners dies it may not be clear whether their survivor will need any of their unused tax-free allowance later on.

Personal Gift with reservation of benefit

If you give something away but reserve the right to use it, it counts as a gift with reservation – and is treated as remaining your property.