Tony Gimple

Registered with Property118.com
Monday 8th February 2016


Latest Comments

Total Number of Property118 Comments: 1

Tony Gimple

14:48 PM, 30th June 2016
About 3 years ago

I want to place a BTL Mortgage in a Family Trust?

The bigger question is not whether you can find a lender or whether title has been changed (no change of title causes all sorts of other problems and could result in the asset not actually being in trust) but whether it will create a chargeable lifetime transfer and thus be subject to an immediate 20% IHT charge and 6% every ten years with a proportionate charge arising as and when any capital funds are transferred to beneficiaries. Also, within the Trust any profit made on the sale of an asset is taxed at 28%, income is taxed at up to 45%.... Read More