Family Debt Scheme – October 2009
Do you or your spouse/civil partner own a valuable investment property which you would like to gift down generations?
Are you unable to do this because you do not want to trigger a capital gains tax liability or want to retain the income?
If the answer is yes, then the 'family debt scheme' may be the answer for you. This scheme will provide you with the ability to pass the value of the investment down generations without a capital gains tax liability whilst retaining the right to income. It also provides an inheritance tax saving of 40% on the current market value of the property.
To find out more information, please email Jackie at jackieb@wellsassociates.com
These notes are for guidance only and no liability attaches to this firm or partners due to losses incurred by you in relation to the reliance on the content. It has been written in general terms and is intended as a guide only. Professional advice should be sought regarding your specific situation and the application of the above.