Re: Don't you just love Word-smiths!Rena I have no problem with gifting anything, it's you that is saying that it should be taxed first because people shouldn't be allowed unearned untaxed income!
Re: Don't you just love Word-smiths!Maybe I have been a bit less than clear over this Barry, but I don't think gifts (either money or material gifts) should be taxed again either, because obviously the living giver of the gifts has already been taxed on them. I was thinking of inheritances, rather than gifts, when I said why should people benefit untaxed from inheritances. So apologies from me for being misleading.
Re: Don't you just love Word-smiths!Dieter, if you do not want Tax to be paid on your estate then why not give your son some of his inheritance now and watch him enjoy his unearned gains.
Re: Don't you just love Word-smiths!Thought for the Day !