- › Cosmetics
- › Skincare
- › Haircare
- › Clothes And Fashion
- › Beauty Tips For Men
- › Fashion Accessories
- › Men And Dating
- › Mens Fashion
- › Hands And Feet
- › Style Guide
- › Lingerie
- › Teens And Beauty
- › Beauty Products
- › Spots And Acne
- › Tanning
- › Eyes
- › Blusher
- › Lips Teeth And Smile
- › Beach Fashion
- › Summer Beauty
- › Celebrity Look
- › This Years Fashion
- › Shopping Directory
- › Health Tips
- › Creams And Lotions
- › New Fashion Trends
- › Favourite Beauty Products
- › Dieting Tips
- › Hangover Cures
- › Sleeping Positions
- › Running Technique
- › Stretching
- › Muscle Building
- › Looking Slim
- › Hot Weather Tips
- › Health Improvements
- › Desk Exercises
- › Massage
- › Hygiene
- › Diet Plan
- › Toning Your Body
- › Baby
- › Food And Health
- › Weight Loss
- › Top Diet Foods
- › Top Health Tips
- › Alternative Health
- › Exercise Guide
- › Hardware
- › Operating Systems
- › Software
- › Computer Applications
- › Internet
- › Web Sites
- › Money Making Ideas Online
- › E Business
- › Learning Per
- › Learning PHP
- › Computer Sound Music And Video
- › Useful Tools
- › Podcasting
- › Search Engine Optimisation
- › Newsletters
- › Learning To Use A Computer
- › Website Link Building
- › Website Topics And Subjects
- › EBooks
- › Online Security
- › Computer Health
- › Online Marketing
- › Google AdSense
- › Jobs Tips
- › Career Development
- › Body Language
- › Job Search
- › Career Techniques
- › Interviews
- › Executive Career Advice
- › CV
- › Business Networking
- › Your Career Values
- › Working Abroad
- › Salary
- › Workplace Issues
- › Leadership
- › End Of Year Career Review
- › Successful Job Search Questions At Interview
- › Starting Up In Business
- › Tax
- › Icebreakers
- › ECommerce Tips
- › Running Your Business
- › Small Business Ideas
- › Online Business
- › Advertising Your Business
- › Business Websites
- › Self Employment
- › Invoicing And Managing Finances
- › Marketing
- › PR
- › Business Questions
- › Viral Marketing
- › Profits
- › Payments
Your UK Annual Tax Exemption
Font size:
Each year in the UK at the time of writing you are able to give away up to £3,000 a year completely free of tax.
This is an attractive way of whittling down the sums of money you have for inheritance tax to be levied on if done steadily over the course of, say, 20 years, you could save a large £60,000 from having the tax whacked on it, assuming the value of your total estate is above the threshold which - let's face it - almost everyone with just a house hits these days!
Note you can also use an exemption from the last tax year too if not used at the time.
So, a married couple can gift £6,000 of assets each year which means a total of £120,000 over 20 years, and save around £48,000 in the process of inheritance tax for those who survive them - not bad!
This is an attractive way of whittling down the sums of money you have for inheritance tax to be levied on if done steadily over the course of, say, 20 years, you could save a large £60,000 from having the tax whacked on it, assuming the value of your total estate is above the threshold which - let's face it - almost everyone with just a house hits these days!
Note you can also use an exemption from the last tax year too if not used at the time.
So, a married couple can gift £6,000 of assets each year which means a total of £120,000 over 20 years, and save around £48,000 in the process of inheritance tax for those who survive them - not bad!
Add to:
del.icio.us |
Digg
del.icio.us |
Digg
Email to a friend
Print version
Plain textRate this article
Comments (0 posted):
Post your comment