eprivateclient

What IHT rules should parents be aware of when making gifts to their children?

Nick Ritchie, director, RBC Wealth Management, 12/09/2022

The so-called Bank of Mum and Dad continues to be a major contributor to children’s savings, helping younger generations achieve all important financial goals like that first house purchase or funding further education. 

With billions of pounds worth of wealth transfer expected between generations in the coming decade, it is important parents do not fall foul of potentially complex tax rules.

Starting with the basics, each parent ...


Continue reading this article...


Start a free trial now for access to breaking news of the regulatory environment and legislative change happening in wealth management.







You are currently not logged in,
login to view the full article
start by clicking this button.





Need a subscription,
fill out the form here or
contact subs@eprivateclient.com


About PAM

PAM Insight is the world’s leading independent provider of essential specialist news, analysis and comparative data for the fast-evolving world of wealth management.

Read more about PAM

Subscribers

eprivateclient is the leading website and news service for private client practitioners, including lawyers, accountants, trustees and fee-based IFAs.

Read more