The Standard Gift Trust
- Used for inheritance tax planning
- Used to settle assets where there is not a CGT liability
- If there is a CGT liability as a result of a transfer, then the liability must be paid
- Falls under the relevant property regime
Most Common Uses
- Gift of cash for a property purchase (with the property purchased in trust)
- Gift (as well as a loan) to allow for a purchase in trust of a property worth more than the tax free allowance
- Gift of cash which can then be loaned out of the trust
- Gift of cash which can then be invested within the trust