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Paying off childs student loan
Aggy59
Posts: 1 Newbie
My husband and i would like to pay off the balance of our sons student loan. Are there inheritance tax implications on this?
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Comments
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As an investment its a rather poor one given that the interest rate matches inflation and its written off at a certain age.
Are they a homeowner? A contribution to a deposit a better option?0 -
It is only written off if you are on a low income for decades.la531983 said:As an investment its a rather poor one given that the interest rate matches inflation and its written off at a certain age.
Are they a homeowner? A contribution to a deposit a better option?
As for the original question, gifts (for whatever purpose) have no negative impact on IHT. If neither of you used your annual exemptions last financial year the first £12k will drop out of your estates with emmediate effect anything over that will be subject to the 7 year rule.
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