In the Pre-Budget report in December 2009, the Government announced the introduction of provisions (including draft legislation) to target two trust-based IHT schemes. The main aim of these schemes was to transfer property into a relevant property settlement (e.g. a discretionary trust) at a much depressed value for IHT purposes. Thus, the 20% entry charge (on transfers that exceeded the nil rate band) could be reduced or avoided.

Need help? Get subscribed!

To subscribe to this content, simply call 0800 231 5199

We can create a package that’s catered to your individual needs.

Or book a demo to see this product in action.