Saving Tax
The tax saving behind trusts relies on the person making the gift into trust, ‘the Settlor’, surviving 7 years from the date of the gift and so reducing the value of his or her estate for the purposes of inheritance tax.
Income and capital gains taxes may also be reduced during the administration of the trust depending on the Settlor’s marginal rates of tax.
If you would like to discuss the above please email us, or go back to our other contact details.