A Discretionary Loan Trust, in contrast to the Discretionary Gift Trust, is an ideal way to establish effective UK Inheritance Tax (IHT) planning but without giving up the ability to enjoy access to your capital if and when you need it.
What is a Loan Trust?
Suitable for individuals seeking to do some IHT planning but who do not want to give away their capital, the Loan Trust allows the Settlor to lend an amount of capital to Trustees. The Trustees then invest the loan. The Settlor can demand repayment of the loan at any time and repayments are usually made by way of regular withdrawals. Any investment earnings on the Trust assets belong to the Trustees and are automatically outside of the Settlor's estate for UK IHT tax purposes.
Main features
might use this Trust if...