Tax has extremely specific rules and after you have understood the basics, the next step is to understand the interaction of taxes. Examiners know this and as a result in almost all higher-level tax exams, you will find a question on the CGT and IHT implications of lifetime gifts. This is usually followed by the death of the donor.
To help you understand this important area, read through this simple article starring Moneybags and Skint
Recent Comments