This site uses cookies. By continuing to browse the site you are agreeing to our use of cookies. To find out more about cookies on this website and how to delete cookies, see our Cookie Policy.
Analytics

Tools which collect anonymous data to enable us to see how visitors use our site and how it performs. We use this to improve our products, services and user experience.

Essential

Tools that enable essential services and functionality, including identity verification, service continuity and site security.

Where Taxpayers and Advisers Meet

Making a loan to a family member

DIEM99
Posts:10
Joined:Mon Feb 01, 2016 9:53 pm
Making a loan to a family member

Postby DIEM99 » Mon Apr 08, 2019 7:56 pm

I wish to lend a family member money towards a house purchase which she will be repaying over a set period.Since this is money out of my assets how should I go about making the loan to comply with IHT rules should I pass away during the period of the loan?

pawncob
Posts:5097
Joined:Wed Aug 06, 2008 4:06 pm
Location:West Sussex

Re: Making a loan to a family member

Postby pawncob » Mon Apr 08, 2019 10:15 pm

You can't avoid the IHT implications unless you make an outright gift of the funds and survive 7 years.
With a pinch of salt take what I say, but don't exceed your RDA


Return to “Inheritance Tax, IHT, Trusts & Estates, Capital Taxes”