IHT and PETs

John_Pierpoint

A loan from the point of view of the tax man is an asset of the estate - so be very careful of lending £1000 to each of your children and then leaving them your estate, What you might well have done is given £600 to each child and £400 to the tax man.
The whole concept of IHT relies on parents being unable to trust their children.

Have you poked about with the concept of a "discounted gift trust".

vigman

John_Pierpoint wrote: »

A loan from the point of view of the tax man is an asset of the estate - so be very careful of lending £1000 to each of your children and then leaving them your estate, What you might well have done is given £600 to each child and £400 to the tax man.
The whole concept of IHT relies on parents being unable to trust their children.

Have you poked about with the concept of a "discounted gift trust".

Thanks for this.

No will look into the "discounted gift trust" issue.

Vigman