Overview

gift with reservation


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A gift in which the donor retains some benefit from the asset given away. Examples include: shares given away in which the donor continues to receive the dividends; property given by a parent to a child, although the parent continues to live in the property, rent-free. HM Revenue and Customs has detailed rules to cover gifts with reservation to ensure that such gifts are not used as a means of avoiding tax.

shares given away in which the donor continues to receive the dividends;

property given by a parent to a child, although the parent continues to live in the property, rent-free. HM Revenue and Customs has detailed rules to cover gifts with reservation to ensure that such gifts are not used as a means of avoiding tax.

Subjects: Business and Management — Law.


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