Inheritance Tax: If the total value of gifts given by an individual within seven years before their death exceeds the Inheritance Tax threshold (£325,000), Inheritance Tax may be due, including on cryptocurrency. Lost or Stolen Cryptoassets Potentially Tax Deductable Losing access to cryptoassets...
or as encouragement to do so. Where there is a contract for these gifts it is pretty clear they are a source of income. Where there is no contract, a gift may be gratuitous if the influencer is not trading, or if they do not use or endorse it, but it may become...
My client, who sells baby gifts and accessories, has just registered for VAT. Are these zero-rated supplies like children’s clothing? Items sold include baby sized towels, muslin cloths, blankets View Answer Payroll for UK employees going to work overseas and offshore remote workers We are...
Describe some of the pitfalls of making gifts Identify examples that are exempt from IHT Explain what other taxes come into play when making a giftCPD Approx.30min Pexels/Cottonbro Lynne Rowland Christmas is the season of giving and thinking of others. Given the lack of opportunities to spend...