From: "tonyjeffs" <8usenet@tonyjeffs.com>
Newsgroups: uk.finance
Subject: Giving money to my children to avoid tax
Date: 10 Apr 2007 09:35:10 -0700
   posting-account=i7JJ6g0AAADJH3AiD9PHqBReU1V1oItP

If my estate is not worth enough to invoke inheritance tax issues,
and my child (age 17) has no income,
Can I give him 50k to put into a savings account, and receive interest
tax free?
If at some point I run short of money, can he give some of it back to
me?
(Ignoring the fact that he might decide not to!..)

Is this a ligitimate way of avoiding tax including Inheritance tax?

Thanks Tony