Lifetime giving

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

  • 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 childcould 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 team of trusts team can assist with the on-going running of the trust.

Tax reliefs and exemptions

  • 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.

We are recognised by The Legal 500 for our expertise in estate planning, trust and tax advice.  Aaron Spencer, Head of team, is also recognised by Chambers HNW for his legal knowledge.  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.

 

How can we help you

Call us on

0333 331 9877

Email your enquiryEmail your enquiry

Key Contacts

Aaron Spencer

Partner & Head of Private Client

Harvey Barrett

Consultant & Head of Trustee Services