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IHT mitigation

Comments

MovingForwards Posts: 17,178 Forumite

29 May 2019 at 8:28PM

The beneficiaries could have been charities as that would reduce IHT.

Mortgage started 2020, aiming to clear 31/12/2029.
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castle96 Posts: 3,046 Forumite

30 May 2019 at 10:10AM edited 30 May 2019 at 11:42AM

He WAS saying that the estate/initial beneficiaries, saved IHT then, by creating additional beneficiaries (people,, not charities)

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Keep_pedalling Posts: 22,636 Forumite

30 May 2019 at 11:55AM

castle96 wrote: »

He WAS saying that the estate/initial beneficiaries, saved IHT then, by creating additional beneficiaries (people,, not charities)

Simply not possible. The only change that could reduce IHT would be a DoV that transferred more assets to a spouse, which would’ve exempt.

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