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Flashcards in Tax planning Deck (2)
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What is a loan trust? (3)

*Placing future growth on assets outside the estate without losing access to the original capital
*interest free loan is made to the trust by the settlor
*as is is a loan and not a gift then there is no transfer of value for IHT


What is a discounted gift trust?

*A way to immediately reduce the value of the estate
*GIft of capital under trust to beneficiaries whilst retaining the right for the settlor to receive a fixed income by way of capital replacements for life
* ADD IN the rest