Day: 20 June 2024
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Giving Your Home to Your Children: Key Considerations for Inheritance Tax
Gifting your home to your children is a generous act, but it comes with significant financial implications. This guide explores the consequences of such a gift and the crucial steps to ensure it is valid for Inheritance Tax (IHT) purposes. (Read Time: Approx. 2 minutes) Topics Discussed: Capital Gains Tax (CGT) Implications When gifting a…