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.
But they may be reportable to the IRS. This is to prevent people from giving away all their assets before they die in order to avoid estate tax. An individual may gift $12,000 to another individual in a tax year without having to file a gift tax return.More than that, and the giver has to file a Form 709.This does not imply that any gift taxes will be collected, though.n individual may gift $12,000 to another individual in a tax year without having to file a gift tax return. More than that, and the giver has to file a Form 709. This does not imply that any gift taxes will be collected, though.