Hazel Grove Forum

A Suburb in Stockport

10 10 / 10 from 9 Reviews

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OliverJohnstone posted..

But Mozza you haven't told me how he has avoided tax.

The inheritance tax rules as set out by HRMC allow the gifting of an amount up to a threshold providing the issuer doesn't die within 7 years. I believe there is also a limit on how many gifts an be paid.

This isn't tax avoidance - pure and simple. You can do it, I can do it, whether it is £20 or £200,000, not through a loop hole or aggressive accounting but through a mechanism established by HMRC and governed by a set of rules.