• Inheritance allowance if you are getting Married

    • May 18, 2015
    • Posted by: admin
    • Category: Property, Tax
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    If someone is getting married then there are certain exemptions for gifts made to them “in consideration of” the marriage. Note that these gifts should be given at the time of the marriage, and they must be conditional on the marriage actually taking place. If it is one of your own children who is getting

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  • Is it a Phone or Computer?

    • May 11, 2015
    • Posted by: admin
    • Category: Expenses, Tax
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    The provision by employers of mobile phones for employees is today very common. Employers want to be able to contact their employees throughout the working day and a full tax exemption makes it an attractive perk for the employee. Typically, employers will allow their staff to use the phone for sending and receiving private calls,

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  • Exemption from inheritance tax

    • May 4, 2015
    • Posted by: admin
    • Category: Property, Tax
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    Inheritance tax is essentially a voluntary tax, in that with proper planning there is no need for your estate to pay any tax on your death. One of the most useful tools is the potentially exempt transfer, or PET. Under the PET rules any gift made to an individual is exempt from inheritance tax if

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  • The gift of undivided shares of property will not be subject to the ‘gift with reservation of benefit’

    • April 27, 2015
    • Posted by: admin
    • Category: Property, Tax, Uncategorized
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    The gift of undivided shares of property will not be subject to the ‘gift with reservation of benefit’ (GWRB) rules provided the donor and donee both occupy the property. The donor must not receive any benefit from occupation other than a negligible one, which in itself must be paid for by the donor. It is

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