This month saw the launch of the Junior ISA.
A Junior ISA will be free from personal liability to income and capital gains taxes. They will set aside many of the tax problems and legal issues associated with investing for children and offer possibilities for added inheritance tax and capital gains tax planning.
For grandparents in particular, the potential for inheritance tax planning might be an extra incentive to financially provide for their loved ones.
For further advice on Inheritance tax planning please contact one of our Private Client Team:
Jeremy Davies on 01708 784081 or at jeremydavies@mplaw.co.ukCameron Emslie on 01708 784062 or at cameronemslie@mplaw.co.uk
Helen Beach on 01708 784055 or at helenbeach@mplaw.co.uk
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