"I am 77 years of age and I have some savings which I would like to give to my son and daughter. Would they have to pay tax on the gifts?"
Answer : You are permitted to gift up to £3,000 a year free of Inheritance Tax. So if you give your son and daughter the amount of £1500.00 each per year, then tax is not payable. You can however, give larger amounts with no Inheritance Tax payable, but you do have to survive for seven years after such a gift is made.
Answer : You may find it helpful to contact the organisation Grandparents Apart. They are a self help group dedicated to ease the suffering of parents and grandchildren when families are torn apart. They have a network of support groups, leaflets, literature and a help line. There are various telephone numbers around the country but the most central is London on 0207 237 5681.
Answer : Homeopathic medicines can be prescribed by a GP, but as with all drugs, the GP must be clinically competent to prescribe them. The majority of herbal products are not licensed medicines and therefore are not considered appropriate for prescription on the NHS.
Answer : To become a charity any organisation has to be seen as having a purpose that the law perceives as exclusively charitable. This broadly means that the organisation must be either for the relief of poverty, or for the advancement in education or for the advancement of religion or serve a purpose that is beneficial to the community. In England the place to contact to see if you can register as a charity is the Charity Commission. They have a form which contains questions which will help to determine whether your organisation is suitable for charitable status. Their telephone number is 0870 333 0123
Another source of help is a book titled "Running a Charity" by Francesca Quint, Ken McManus and Leonard Freedman. The book covers the legal, financial and regulatory aspects of running a charity. It may be a book that is currently in your local library or they could order a copy for you.
Answer : An organisation called Precious Voices may be a company that can help you. They can transfer recordings from old records, reels or tapes on to CD's. They are also a useful company to contact if you have any personal recordings, such as family tapes made when children were small, family party sing songs, etc. that you would like to hear again.
They can be contacted by telephone on 01526 399455 or by post at Moongate, Lowthorpe, Southrey, Lincolnshire, LN3 5TD.