Tax 

How to make gifts from normal expenditure

How to make gifts from normal expenditure

Section 21(1) of Inheritance Tax Act 1984 specifies three conditions that must be met if the normal expenditure out of income exemption is to apply to gifts.

The content you are trying to access is only available to users with an FTAdviser.com subscription

Subscribe to FTAdviser now for:

- Full access to articles written by the Money Management team

- No limit to the number of articles you can read every month

- The ability to use Money Management's uniquely prepared fund statistics - on the web, or by downloading a pdf

Unlock unlimited articles
Subscribe

Comments