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tax charge when transferring property into trust
AKW
Posts: 33 Forumite
Hi,
any settled amount above the available NRB will be charged at 20%
any settled amount above the available NRB will be charged at 20%
0
Comments
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An IHT 400 is completed on death. See https://www.gov.uk/government/publications/inheritance-tax-inheritance-tax-account-iht400 You can make PETs of any size without completing a return at the time of gift.
There are many sorts of property trust, with different income tax, capital gains tax and inheritance tax implications, in respect of the transfer in, and the ongoing trust. The right choice will depend on a number of factors well beyond the scope of this forum.0
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