Starmer’s chronicles

[nomadking]

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.

Is it a coincidence that transferring part of the property to the trust in 2023, allowed her to withdraw £162,500 from the trust.