Predictions were for a quiet budget from a tax point of view with the new hot topic “plastic tax” maybe taking the spotlight, but others were predicting changes on the tax relief attached to pension contributions whilst it was said elsewhere that Philip Hammond would use this budget to mark the end of austerity.
HMRC will not look to tax the gift. Simple and straight forward you might think, but there is a subtle planning point you might want to look out for.
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