From: Ronald Raygun 
Subject: Re: Giving money to my children to avoid tax
Newsgroups: uk.finance
Date: Fri, 13 Apr 2007 16:19:19 GMT

GSV Three Minds in a Can wrote:

> You can give =any amount= you like from your (tax paid) income as long
> as it doesn't materially impact your standard of living. I.e. if you
> earn £500K a year but have always live off a mere £100k, then you can
> give the extra away without it counting as a capital (i.e. possibly
> subject to IHT) transfer.
> 
> You may have to fight with your taxman if large sums are involved.

The taxman will have you at a disadvantage.
How much of a fight can you put up when you're dead?

:-)