Cordea Savills Wealth Management is offering a vehicle for investing in property which it says avoids the IHT trap.
The offering rests on rules which see investors classified as property developers, for the purpose of investing in commercial, residential and mixed-use properties. Investors establish trading development companies, which after two years of trading should qualify for business property relief – subject to conditions being met – which would allow 100% IHT relief on the value of the shares in the development company. A spokesman says he believes two other companies are providing similar vehicles – Close Brothers and Strutt & Parker - but these are different in their investment aims: Cord...
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