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International Business Times UK
International Business Times UK
Business
Niloy Chakrabarti

Gifting Stocks This Holiday Season? Adviser Says It's A Smarter Way To Transfer Wealth, Lower Taxes

You can gift $18,000 worth of stocks per person annually without attracting taxes. (Credit: Nathan Cowley/Pexels.com)

Only a few kinds of gifts have the potential to grow in value over time, and one of them is company stocks. If you plan to gift your loved ones this holiday season, offering them stocks you own can be a practical gift that could positively impact the recipients' finances in the long run.

MAI Capital Management's senior wealth advisor, Megan Miller, recently told Business Insider that gifting stocks is a very efficient way to lower annual tax liabilities and even safely introduce a person to the world of investing. She also shared several pointers to follow if you want to make the most out of gifting stocks or donating them to charitable institutions.

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