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Capital Tax Planning for Property Investment Companies
Property investment has, traditionally in the United Kingdom, been an attractive investment media in the combined context of endemic inflation and economic growth. Accordingly, for those who have sufficient funds, investment properties, whether let to commercial tenants or as private residences, will usually provide excellent returns over the long term. A significant proportion of those who create substantial wealth in their own lifetimes do so by means of property acquisition and retention.
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Does Your Will Still work?
Significant changes to the inheritance tax provisions for trusts were introduced in 2006, with the underlying policy that the use of trusts both in lifetime and on death is largely to be discouraged in order to encourage the holding of property outside trusts. It was also made clear that Government policy is that gifts to infant children should not be tied up in trust beyond their 18th birthday, although following representations by various professional bodies the Government did accept that harsh provisions should not be introduced for those who would prefer their children to take at the age of 25. [read more]
Significant changes to the inheritance tax provisions for trusts were introduced in 2006, with the underlying policy that the use of trusts both in lifetime and on death is largely to be discouraged in order to encourage the holding of property outside trusts. It was also made clear that Government policy is that gifts to infant children should not be tied up in trust beyond their 18th birthday, although following representations by various professional bodies the Government did accept that harsh provisions should not be introduced for those who would prefer their children to take at the age of 25. [read more]
