If you want to make gifts in your lifetime, such as providing funds for a child or to save inheritance tax on your death, you will want to make sure the outcome matches your objective.

Tax consequences of a lifetime gift

Our team of tax and estate planning advisers will listen to what you want to achieve in making a lifetime gift  and advise on the tax consequences. We will consider your options on how best to achieve your objectives.

The services we offer include:

Providing for children

An outright gift to a child could result in the money being spent on an unintended purchase. Or the purchase of a property for your child could give you a Capital Gains Tax liability on a future disposal.

We can advise on the tax and non-tax consequences of the gift and advise on how the gift can be structured.

If you set up a family trust, our Trust management team can assist with the on-going running of the trust.

Tax reliefs and exemptions

There are many tax reliefs and exemptions available. Some examples include is an Inheritance Tax annual exemption for making gifts each tax year  and Capital Gains Tax relief on the disposal of your main residence.

Through careful planning you can maximise the use of these reliefs.

Choose Furley Page for advice on making a gift

Our solicitors have years of experience in advising generations of families on how to secure their wealth for the future.

Our expertise in advising on wills, succession planning and asset protection has been recognised by The Legal 500 and Chambers HNW – independent guides to the legal profession.

Members of the team belong to the Society of Trust and Estate Practitioners (STEP), a worldwide professional body for practitioners in estates and trusts advice.

Contact Aaron Spencer or Sarah Cladingboel to find out how we can help you.

How can we help you?

How can we help you?