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How to avoid IHT on Directors Loan
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SiliconChip said:The question which you haven't addressed anywhere in the thread is whether your daughter actually wants to run a property business at some indeterminate point in the future. If she already has a career, or is a homemaker, or just has better things to do with her time, perhaps she would have no interest at all in the complications of letting, maintaining, buying and selling multiple properties. If it's not what she sees herself doing then I'd agree with a previous post that you'd be better to sell up, give her the money, and do your best to survive for 7 years.
However it is an asset the same as any you might inherit. If she wants to take an income from it by managing it herself or getting an agent to do it then great. If she wants to sell it then that's great as well.
The key point is that she won't get landed with an big IHT liability.
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