The Bournemouth Air Festival is an annual air show held along the coast at Bournemouth, in Dorset, England.It has featured aircraft from the Royal Air Force and the Royal Navy, as well as civil aviation displays.he 2010 Bournemouth Air Festival was marred by poor weather although the general public still enjoyed the static displays and the small amount of flying that took place.
For an update, see my Oct. 30, 2014 post, âIRS Raises Limit On Tax-Free Lifetime Gifts For 2015.â. The yearly limit on how much we can each give another person without having to worry about gift tax in 2013 is $14,000. This limit, known as the annual exclusion, will not be increased for inflation in 2014. Spouses can combine their annual exclusions to double the size of the gift.
If you give money or property to your children and donât get something of equal value in return, the IRS calls it a gift, whether you designate it as a gift or not. Each year you can give your adult children some money without filing a gift tax return or otherwise reporting the gift to the IRS. This is the annual exclusion. For example, the 2012 annual exclusion was $13,000. If you give a gift of a future interest, you canât claim it in your annual exclusion.