Sayed
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RE: Gifting assets outside of the UK
Thanks, I have read all of these things. My question is, is there anything else I should be considering? like any sort of declaration or writing any specific agreements? -
Gifting assets outside of the UK
Hi, I'm planning on gifting some of my assets to my father outside of the UK (to help him). I understand from the manuals that this will be considered as a disposal so I should calculate the CGT to report if it exceeds the allowance (combined with the other assets CG). I also understand that I need to keep records of these assets for the future, for IHT purposes. Is there anything else I should be considering?