Gifting Property- Tax Implications
Gifting property is one way clients may wish to consider when looking at reducing the value of their estate for inheritance tax purposes. There are tax implications to consider and the rules vary according to each individual set of circumstances. If a property is given away or sold at less than market value taxes will […]
Managing Someone Else’s Finances
When you, or someone close to you, has been diagnosed with a deteriorating health condition thinking about day-to-day practicalities can be difficult, for example managing finances. To allow someone to manage your day-to-day banking (but not open or close accounts or apply for overdraft) can be arranged by means of a Third Party Mandate. The […]
‘Notifiable Events’ Requirement for Charities
Charities may be aware that Office of the Scottish Charity Regulator (OSCR) are asking all charities to report Notifiable Events. Whilst there is no legal requirement to report an event, OSCR are keen to encourage charities to report to them when there has been a significant event which may or may not have a negative […]
