Posts Tagged ‘inheritance tax’
The Bank of Mum and Dad – the ins and outs
According to a press release in 2020 by Legal & General, the Bank of Mom and Dad (or BoMaD) is one of the main ways first-time property buyers under the age of 35 are able to get themselves on the map – amounting to £18.11bn worth of property transactions. Legal & General also discovered that…
Read MoreWill My Gifted Savings Be Taxed?
Many people spend their lives evading tax, finding every conceivable loop hole or hidey hole to get away from paying “Caesar’s things to Caesar”. Inheritance tax is one of those dreaded and despised types of tax. Like someone having hacked a great big chunk out of your wedding cake before you get to cut it.…
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