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Where Taxpayers and Advisers Meet
Equity Release for IHT
I am trying to see if there is a way to use Equity Release that can work for mitigating IHT, I am concerned about the compound interest and not being allowed to borrow to invest from this kind of product.
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jerome.lane
- Posts:237
- Joined:Mon Aug 12, 2019 8:41 am
- Location:Sandhurst, Berkshire
- Contact:
Re: Equity Release for IHT
You should consult a good reliable financial adviser for this sort of thing.
Jerome Lane
Tax Adviser
Telephone: 07943 005902
Tax Adviser
Telephone: 07943 005902
Re: Equity Release for IHT
As JohhnyMac said.
Also, the only way to save IHT with equity release is to spend or give away the proceeds. Loans which are used to invest in excluded or relievable assets (such as AIM shares) are not deductible for IHT.
Also, the only way to save IHT with equity release is to spend or give away the proceeds. Loans which are used to invest in excluded or relievable assets (such as AIM shares) are not deductible for IHT.
Re: Equity Release for IHT
Sorry, I meant "As Jerome said".
Return to “Inheritance Tax, IHT, Trusts & Estates, Capital Taxes”