Key Topics: Capital gain tax, Inheritance tax, income tax

Description: The topic encompasses the implications of Capital Gains Tax (CGT) and Inheritance Tax (IHT) on lifetime gifts, alongside Gift Relief and Business Property Relief (BPR). It addresses the restrictions associated with Gift Relief and BPR, taking into account how these limitations may affect the tax benefits. Additionally, it considers the impact of gifting shares on income, exploring how such transfers may influence the donor’s and recipient’s financial situations and tax liabilities.