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
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
Where you give shares in your company to your kids, the Taxman will do everything in his power to stop this from giving you a tax advantage. But if you’re prepared to wait you can still get one. How
does this work?
Published 24.02.2012
The annual capital gains exemption has barely increased in recent years. But in the right circumstances and with some planning you can manufacture your own increase. How’s it done?
Published 23.02.2022
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
School fees are expensive, especially when you have to pay for them out of your taxed income. But if you can involve your family in some tax planning, is there a way to extract tax-free money from
your company to pay the fees?
Published 03.02.2011
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
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
You want to make a gift of shares in your family company to your grandchildren to provide income for their upbringing and to reduce the potential inheritance tax (IHT) bill on your estate. For tax
efficiency should your gift be made direct or through a trust?
Published 10.02.2021
In 2005 the Taxman introduced the mother of all anti-avoidance laws to counter what he claimed was abuse of the Inheritance Tax system (IHT). He was way off the mark. So wouldn’t it be poetic justice
if there was a way to use the rules to actually save tax?
Published 10.12.2009