Not only does the 'gift and loan' IHT strategy not use any valuable allowances, explains Paul Wilcox, it is uncontroversial because it does not use any 'fancy footwork' or legislative loopholes either
Recent times have seen a great deal of media focus around long-term care on the one hand and ‘deliberate deprivation' on the other - in both cases, as they relate to inheritance tax (IHT) planning. In reality, most people looking to mitigate a sizeable potential IHT liability are more concerned about retaining access to funds should they need them for later life requirements, including long-term care, but certainly not about deliberate deprivation. While there are a number of strategies for assisting those with considerable assets to protect them from IHT, the least controversial and ...
To continue reading this article...
Join Professional Adviser for free
Signup and gain exclusive members-only insights
- Unlimited access to real-time news, industry insights and market intelligence
- Stay ahead of the curve with spotlights on emerging trends and technologies
- Receive breaking news stories straight to your inbox in the daily newsletters
- Make smart business decisions with the latest developments in regulation, investing retirement and protection
- Members-only access to the editor’s weekly Friday commentary
- Be the first to hear about our events and awards programmes
