Your long-term plan is for your children to take over the family company but they are far too young at the moment. Nevertheless, is it worth giving them shares in the business now as a tax-saving
measure?
Published 02.10.2019
One of the problems with paying school fees or any other costs of bringing up children is that it all comes out of taxed income. However, there is a way to pay these and get some tax back. What’s
involved?
Published 15.02.2007
You started a company a few years ago and it’s doing well. A friend has suggested you give some shares in it to your young children. You’re thinking of going ahead, but how should you go about it to
avoid trouble with HMRC?
Published 18.04.2018
Your offspring is a brilliant child and will surely qualify for University, but how are you going to pay for 3-5 years at law or med school when the time comes? The Child Trust Fund sounds promising,
but is it the solution?
Published 24.02.2005
A recent case involved a couple that set up a scheme to shift income to their children. The Special Commissioner’s decision raised some interesting tax planning points. What’s the full story?
Published 09.04.2009
Your children have sizeable sums in bank accounts funded by their grandparents since birth. Can you withdraw the money and spend it on their education or maintenance?
Published 25.10.2007
Like adults, children have an annual tax allowance, currently £6,035. But most children won’t use all of this, so can parents transfer some of their savings into their child’s bank account to benefit
from tax-free interest?
Published 15.01.2009
Naturally, you’ll want to pass your wealth on to your kids, but simply piling money into savings while they are under 18 comes with nasty tax consequences. Conversely, one type of gift actually comes
with tax perks; what is it?
Published 02.10.2013
HMRC has tough anti-avoidance laws to stop you reducing your tax bill by diverting income to your children. However, when it comes to capital gains tax you can make the rules work to your advantage.
What’s involved?
Published 20.03.2014
The government has announced that a new type of tax-free savings account is to be created especially for children. Some are heralding this as a replacement for the Child Trust Fund. What’s the full
story?
Published 26.11.2010