Cordea Savills sees IHT opening

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...