单词 | gift with reservation |
释义 | gift with reservation gift with reservation 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. |
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