“One of the best ways to cut the amount of tax you have to pay is to make gifts during your lifetime,” says Sarah Coles, head ...

The April 15 tax filing deadline is approaching, which also marks the due date for filing a gift tax return if you made ...

Forming a trust now and funding it after Congress decides whether to keep the current gift tax exemption rate could make for ...

Perhaps your daughter recently got married and you want to help her and her husband start their new life. Or maybe they ...

My daughter has asked if I can help pay for her son’s private school fees as she is struggling with higher mortgage rates and ...

Super rich people may avoid paying more than $160 billion in taxes every year, the Treasury says. Here are six strategies they use to do that.

As it stands, you can give away a total of £3,000 worth of gifts each tax year without them being added to the value of your ...

Parents who have given their children £3,000 in gifts could soon face a new HM Revenue and Customs (HMRC) rule change ...

As a result, the gift tax only applies to transfers that exceed two fairly high caps. The first cap is called the annual exclusion. This is the amount of money that you can give away every year ...

This present interest must exist in order for the annual gift tax exclusion to apply. That's why it's so important that a Crummey letter be sent to beneficiaries to inform them of their power to ...

With the countdown ticking to the start of the new tax year, international accounting and business advisory firm, BDO, has ...

With the new administration in office, discussions around potentially eliminating the step-up in basis are gaining momentum.