Gift & Loan Trusts

This is a scheme for a client who wishes to benefit from an element of Inheritance Tax saving but who do not wish to tie up their money at all. In this scheme they set up a Trust with a nominal payment and then lend their capital to the Trust. The nominal payment is the gift and the lump sum payment is the loan. The client is entitled to take income from this and to demand repayment of the money at any time. The benefit from the client’s point of view is that although the whole sum is repayable and therefore the original amount lent is still treated as part of their estate for IHT, any growth on the fund is due to the Trust and is therefore not liable to IHT. This scheme is good for a young client who does not want to tie up capital but yet wishes to avoid IHT on the growth which could be considerable.

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