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  • Overview

    The client needed a trust for their child to allow them to live independently whilst ring-fencing the assets, but faced an Inheritance Tax liability if a mainstream lifetime trust structure was used.

     

    Stuart established that, because of the child’s circumstances, a Disabled Peron’s Interest Trust could be set up. This meant the Inheritance Tax consequences of more commonly used Trusts didn’t arise. We advised on the terms and structure of the Trust to allow the purchase of property to go ahead without incurring Stamp Duty Land Tax at the surcharge rates. We guided the clients through the establishment and funding of the Trust as well as carrying out the tax compliance work.

     

    The Trust department of Thomson Snell & Passmore were able to achieve tax efficiency for the client and effective protection for their child whilst our Residential Conveyancing department were readily available to facilitate the purchase of the property.

  • Related Services

    Wills, Trusts & Tax Planning

    Our specialist lawyers provide high quality, intelligent advice that is comprehensive, considered and clear.

Newsletter Sign Up

I would like to receive newsletters, event invitations and publications from Thomson Snell & Passmore by email on the following topics (tick all those that apply) and consent for my data to be processed for this purpose.

We respect your privacy and want news to be relevant. To either, click here or update your preferences by emailing us at info@ts-p.co.uk. Your personal data shall be treated in accordance with our & .

Get In Touch

By submitting an enquiry through 'get in touch' your data will only be used to contact you regarding your enquiry. If you would like to receive newsletters from Thomson Snell & Passmore please use the separate form below.

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Jargon Buster