Gift duty going going gone

GiftWith gift duty abolished this week you may be tempted to gift everything in one lump sum but here are a few key things to think about first. Gifting all your debt so that the trust no longer owes you a penny may give you far better control over your Will/Estate.  It might also make it that bit harder for the Trust to be dragged into any  relationship property claims. But be careful because, without that debt, you might lose some control of the Trust and your ability to take money out of it. You may also stand to lose some tax benefits if Continue reading Gift duty going going gone