Gifts & bequests
Article Abstract:
One should Capital Gains Tax (CGT) as well as Inheritance Tax (IHT) before one makes a gift but when one plans to give away things during ones lifetime of by way of a will, planning will help reduce liabilities. Exhaustive details are given on how one can prepare a will as well as what transfer may be exempt from taxes.
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Subject: Consumer news and advice
ISSN: 0043-4841
Year: 2004
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Tax in later years
Article Abstract:
Senior citizens cannot escape from paying tax after retirement but after the age of 65 they may get some more income known as age allowance before paying tax. Details of why, paying tax after retirement is better along with details of married couples allowances and how these taxes can be paid is presented.
Publication Name: Which?
Subject: Consumer news and advice
ISSN: 0043-4841
Year: 2004
User Contributions:
Comment about this article or add new information about this topic:
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