LB Group
Professional, Proactive, Partner-led advice
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IPSWICH
01473 359720
COLCHESTER
01206 867551
CHELMSFORD
01245 254780
LONDON
0208 221 8282

Professional, Proactive,
Partner-led advice

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LONDON: 0208 221 8282
CHELMSFORD: 01245 254780
COLCHESTER: 01206 867551
IPSWICH: 01473 359720

Email: info@lbgroupltd.com

CONSIDER MAKING REGULAR GIFTS OUT OF SURPLUS INCOME

CONSIDER MAKING REGULAR GIFTS OUT OF SURPLUS INCOME

Why not consider setting up a standing order to family members? Such regular gifts can be outside of the scope of inheritance tax provided they are made out of surplus income and not out of capital. It would be necessary to demonstrate that you are left with sufficient income after tax and living expenses to maintain your normal lifestyle. Unlike the £3,000 annual inheritance tax allowance there is no monetary limit for regular gifts out of income, provided the conditions are satisfied.

LB Group can review your personal circumstances to see if you are able to take advantage of this tax relief.

CONSIDER MAKING REGULAR GIFTS OUT OF SURPLUS INCOME

CONSIDER MAKING REGULAR GIFTS OUT OF SURPLUS INCOME

LB Group Chartered Accountants in London, Essex and Suffolk can assist with this. Local Accountants and Tax Advice.

LB Group Chartered Accountants are a top 75 Firm in the UK of Accountants providing Audit, Tax and Advisory Services across a variety of industries.

With offices in London, Chelmsford, Colchester and Ipswich our partner led approach with fixed fee options provides a professional and proactive service to both business and personal clients.

LB Group Chartered Accountants offer customised Accountancy, Audit and Tax solutions along with other Advisory Services including Corporate Finance, Insolvency and Financial Solutions tailored to meet your needs.

At LB Group Chartered Accountants, we are passionate and committed to providing excellent customer service for each and every client. Our organisation is built on strong relationships with our customers and business associates.

LB Group Limited registered in England © 2018 Company Number: 2796741. Associate Directors are not statutory directors of the firm.

Chubb Insurance Company of Europe S. E, Policy Number: 82182733E. Limit of Indemnity £4 million on any one claim.