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Property trust


bil8999

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I'd have thought that your tax expert would be able to answer your questions.

I can confirm that transferring property into a Discretionary Trust does not incur CGT or IHT.

Most of the firms offering to arrange these trusts offer free advice.

The firm I used was St James's Place Wealth Management. Their contact details are readily available online and I'm sure they would be happy to arrange an appointment to discuss your options.

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My trust was set up over 10 years ago. On checking, the cost was around £3000+ then.......I have no idea on current fees. Fees are infinitely variable.....it depends on how many properties are involved, how many beneficiaries, leasehold or freehold etc etc.

Everyone's personal circumstances are different.

* Set up a meeting

* Explain your personal circumstances

* Ask what your options are

* Learn how the trust is set up and operates ( lots of info is available online).

* Make a decision

Good luck

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