Close Brothers' Property Manager reduces IHT fees

Close Brothers has launched a fund to mitigate inheritance tax (IHT) on the home through the use of equity release and single premium whole of life policies. According to Close Brothers, the Property Wealth Manager, an Isle of Man-based fund, is not caught by the pre-owned assets tax and the HM Revenue & Customs has provided written confirmation of its approval of the product. The Property Wealth Management product has been launched in conjunction with Equity Release Services, an organisation that white labels its expertise for intermediary and insurance firms. Ged Hosty, managing direc...