How can I minimise IHT on a £150,000 gift to my son?
How can I minimise IHT on a £150,000 gift to my son?
I have taken a 25% lump sum from my self-invested personal pension plan (Sipp). The plan is to gift the £150,000 to my son to help him buy a house. Should I make the gift paperwork in joint names with my wife with no breakdown of the amounts shown? Or should I show 50% from each by way of a £75,000 transfer to my wife’s bank and then send…
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