IHTM20501 - Life Policies: life policy linked with a loan and inheritance trusts: introduction
Inheritance Trusts, or Gift and Loan Trusts, were designed as a means of limiting the charge to Capital Transfer Tax by 바카라 사이트˜freezing바카라 사이트™ the value of a large part of the transferor바카라 사이트™s estate and allowing any financial growth on that element to take place in the estates of intended beneficiaries free of tax. These schemes were therefore known as 바카라 사이트˜estate freezing바카라 사이트™ schemes.
There are two basic types, the 바카라 사이트˜original바카라 사이트™ scheme (IHTM20511) and the 바카라 사이트˜reverse loan바카라 사이트™ scheme (IHTM20521).
It was considered unreasonable for individuals to limit their estates in such artificial ways, and legislative changes were introduced to counteract them