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Can an ISA be put in a trust?
love2learn
Posts: 172 Forumite
in Cutting tax
The subject says it all really.
Some ISA especially stocks and shares ISA's. Could be worth a substantial amount of money in the long term. I'm wondering if it's possible to put an ISA in trust so it's outside of a person's estate to avoid inheritance tax?
Some ISA especially stocks and shares ISA's. Could be worth a substantial amount of money in the long term. I'm wondering if it's possible to put an ISA in trust so it's outside of a person's estate to avoid inheritance tax?
0
Comments
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No it can't be done.
An ISA cannot be held on behalf of someone else.
They can only be held by individuals who meet certain criteria.
http://www.hmrc.gov.uk/isa/faqs.htm#40
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