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"What's the most you can give a friend or relative if you where to come into a large fortune? I'm asking as I am planning on winning this Tuesdays Euro millions jackpot." Used to be £10k without them having to pay tax, not sure if its still the same. Ps those are my winnings on Tuesday | |||
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"You can give as much away as you want, but if you die within 7 years some if not all will be added to your assets for inheritance tax purposes. " So without sounding morbid. If I was seriously ill or dying and had myself put into a medically induced coma,or frozen until after the seven years then have the plug pulled my family would get it all?? Not sure if it is worth it for the £2.80 I won last week tho. | |||
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"You can give as much away as you want, but if you die within 7 years some if not all will be added to your assets for inheritance tax purposes. So without sounding morbid. If I was seriously ill or dying and had myself put into a medically induced coma,or frozen until after the seven years then have the plug pulled my family would get it all?? Not sure if it is worth it for the £2.80 I won last week tho." Do a Brewsters millions type of thing, stick it into a family trust with a bunch if caveats that to access the money they need to carry out an increasingly bizarre series of tasks | |||
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"What's the most you can give a friend or relative if you where to come into a large fortune? I'm asking as I am planning on winning this Tuesdays Euro millions jackpot." I think you can gift 4K and there is know tax to pay but it can be done with some creative thinking.... | |||
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"What's the most you can give a friend or relative if you where to come into a large fortune? I'm asking as I am planning on winning this Tuesdays Euro millions jackpot." Rather than give a specific amount away, perhaps offer to set up trust funds to pay mortgage, tuition fees or buy their fantasy holiday.... | |||
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