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Would you be interested if I told you there was a way you could hold an investment for two years, and as long as you still held it when you died, it would be completely free of Inheritance Tax? Well you can, thanks to a wonderful little relief called Business Property Relief. Once again, this episode is kindly sponsored by Octopus Investments
Finishing up our discussion on IHT for trusts, I deal with the exceptions to the ‘relevant property’ regime discussed last time, specifically Accumulation & Maintenance, Interest-in-Possession and Bare Trusts. Confused? You won’t be!
The last of the major taxes is Inheritance Tax and it’s a biggie. Big enough to take two videos, no less. Here I introduce the ‘relevant property’ regime and what it means for those setting up and looking after those trusts.
The second of the major taxes incurred by trusts is Capital Gains Tax. Here, I explain how it works.
In this video I outline how income is taxed within trusts and when money is paid out to beneficiaries.
Trusts are taxed, just like the rest of us, but if anything even more so. Here I outline the treatment of the three main taxes for trusts – more detail to follow
