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.
In 2014, you can give a lifetime total of $5.34 million in taxable gifts (that exceed the annual tax-free limit) without triggering the gift tax. Beyond the $5.34 million level, you would actually have to pay the gift tax.ifts subject to the gift tax. The following gifts are considered to be taxable gifts when they exceed the annual gift exclusion amount of $14,000 in 2014. Remember, taxable gifts count as part of the $5.34 million in 2014 you are allowed to give away during your lifetime, before you must pay the gift tax.