UK trusts as an effective tax planning tool

Tax advisors from Whitley Stimpson share knowledge about how UK trusts can be a very effective tax planning tool to help reduce the amount of tax payable on certain events in relation to income tax, capital gains tax (CGT) and inheritance tax (IHT).

[@lajollapowell4068]

Very useful for me -Thank you both

[@malcolmalexander5246]

An excellent presentation and most helpful to those interested in protecting their assets for future generations.

[@jasonshort2528]

Great explanations, as someone who doesn't come into contact with trusts too much, I fount it very useful!

[@algreen9353]

Some great examples and case studies. Very useful for my studies. Thanks

[@2kingsofleon]

Really interesting talk. Thanks a lot to both

[@northernhardcore.7899]

Hi! Great video, Guys!
I have a house which was left to my Mum by her parents. My Mum died in 2008 & left the house to me. It’s worth £325,000. If I sell it, how much tax will I be liable to pay?
I have a 30-yr old Son. Would it be better if I set up a Trust Fund for him instead? What about my Marital Home which I bought before I met my Wife? Does she have any inheritance tax to pay on the property if I die?
I’m 55 & I’ve taken my Pension & retired to Jersey where I’m renting somewhere UNTIL my Wife who works in the U.K. retires then we will look at selling our home & moving to Jersey.
Can you help?
Thanks
Northern Hardcore.

[@michaeldaviesspanishinheri3734]

Very informative . Thank you

[@rhydianfairfax2339]

Really helpful, thanks.

[@miatrue98]

Incredibly interesting!

[@ariloiola]

Thank you for this. I'm separated and would like to protect a rental property and my lived-in smaller holiday property into a trust so it is protected from ex-wife or future cohabiting girlfriend. Which trust do I need to undertake?

[@sssfff]

Hi, for the example you used at around 9.20 mins, if the cgt for the £410k taxable gain is allowed to be deferred, and after as you said 6 months later bust the trust and put the property in the son's name, I think you said the cgt can still be deferred until the son sells the property maybe 7 years later? And if that's correct, then will the cgt be calculated from the market value of the house when it is gifted to the son, to say £100k gains when he sells it? Then it will be cgt on a £100k taxable gain instead of £410k? Or will the cgt count from the gains from the the house when it was bought by the parent in the 80s?

[@charugera7654]

Many thanks. Very informative. Can you please do a similar session on putting life insurance in trusts?

[@skinbeautyproducts1998]

I know when you put the house in a Trust, you as the Trustee transfer the Deed name, from your name to The Beneficiary name,
And you can be both a Trustee and a Beneficiary.
So perhaps it's a similar process with Transferring a Policy from your name to you as the Beneficiary....not sure though, just throwing it out there please research it

[@simonkenwothy5933]

I need advice.

[@SISTIC1]

Very complicated

[@rali95]

The origins are found in Islamic law, you kinda forgot that part.