Paragraphs ~ Ready for Anything
Portfolio holders have been under attack from government and the tax man for some time.
The good news is we have a solution......
The good news is we have a solution......
a) You must survive 7 years from the date of the "gift"
b) once gifted, you cannot benefit from the asset (ie you can take no income - which you may have intended to act like a pension)
c) You MUST pay capital gains tax @ the rate of either 18 or 28% on the chargeable gain
d) If you give the properties away, you are no longer in control
e) if the kids get divorced, or have debt issues, or the kids pre-decease their spouses, the properties are not protected for the bloodline (extra issues may exist where kids have disabilities or are spend thrifts or have addictions, gambling, spending, drink/drugs)
f) in some cases stamp duty may be payable.
b) once gifted, you cannot benefit from the asset (ie you can take no income - which you may have intended to act like a pension)
c) You MUST pay capital gains tax @ the rate of either 18 or 28% on the chargeable gain
d) If you give the properties away, you are no longer in control
e) if the kids get divorced, or have debt issues, or the kids pre-decease their spouses, the properties are not protected for the bloodline (extra issues may exist where kids have disabilities or are spend thrifts or have addictions, gambling, spending, drink/drugs)
f) in some cases stamp duty may be payable.
So here's the all important question:
If there were a way you could stay in control, deal with the Inheritance Tax issue, retain the income and not pay stamp duty or capital gains tax, would you be interested?
If the answer to that question is "yes", join the Insiders, for FREE, to obtain further information...
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