Quote:
Originally Posted by Pierre
Setting up a trust and putting the property in the trust is also a way of circumventing inheritance tax.
I know this because I am also looking at this option.
I don’t fancy it , because you don’t then own the property, the trust does. And there’s a whole myriad of potential issues you need to mitigate against.
But, it is an option.
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Is it a coincidence that transferring part of the property to the trust in 2023, allowed her to withdraw £162,500 from the trust.