The annual gift tax exclusion allows for tax-free transfers up to a set amount each year, while the lifetime exemption offers a larger cushion for bigger gifts. By knowing the rules around these ...

Everyone gets a £3,000 annual gift allowance, which is exempt from ... When you set up a trust, you decide the rules. For example, you may decide that beneficiaries can only access the assets ...

Under the current scheme, you can give away as much money as you like, inheritance-tax free, as long as you live seven years ...

There are different rules and reporting requirements depending on whether cash is income or a gift, how much money changes hands and if you're the giver or receiver. “It’s not just cash ...

While gifting can be a joyful experience and often a non-taxable transaction, it’s still important to understand the tax implications that may come into play. Specifically, the IRS has rules ...

Many people traditionally reserve most of their gifting for their legacy. However, a proactive approach to gifting allows you to start building that legacy today. As the saying goes, "It's better ...

Raise the stakes a little by making a rule that a gift can be swapped only a finite number of times, say three or five. Extra swapping: Change up the swapping rules. Try forcing players who have ...