A once-popular home loan scheme, designed to reduce the value of an estate for inheritance tax purposes, has been deemed valid by the courts in a recent case – but lawyers warn the victory may only be temporary.
Also known as a ‘double trust’ scheme, a home loan was a popular way of planning to save on inheritance tax (IHT) back in 2002/03, according to law firm Paris Smith.
Subscribe to MoneyWeek
Subscribe to MoneyWeek today and get your first six magazine issues absolutely FREE
Get 6 issues free
Sign up to Money Morning
Don’t miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
Don’t miss the latest investment and personal finances news, market analysis, plus money-saving tips with our free twice-daily newsletter
How have people used home loan schemes to avoid inheritance tax?
Can I still use home loan schemes to avoid inheritance tax?
