Financial Times FT.com

Tax-free gifts of equities on the rise

By Alice Ross

Published: April 10 2009 21:25 | Last updated: April 10 2009 21:25

Wealthy families are taking advantage of sharp falls in the value of their stock portfolios to pass on shares to their children without having to pay the hefty tax bills normally charged on such transactions.

Gifts from parents to children usually incur a capital gains tax charge if they have risen in value, but no tax is levied if the value falls, meaning families who can afford it are able to give away their shares without having to pay any tax.

You have viewed your allowance of free articles. If you wish to view more, click the button below.

Read this