charles thanks for sharing your knowledge

Short and precise..thanks

charls can you make a video about crypto into trusts ? deep dive into TRUST and Crypto

Can you still buy property with a mortgage in a property investment company

very interesting , thanks

Are the new 10 year non dom rules to be applied retrospectively? As in, if we leave now, will the 10 year rule apply anyway?

I didny understand what it is and how it worked!

My 81 year old father refuses to write a will. He he has never been married. I'm his only son. He has no property but may have savings.

I think once one goes over the nil rate the simplest answer is to spend it. The gifting bit isn't really that limited... I can shove a roll of cash in my kids hands and who is to say I didn't spend it myself? As long as they don't put it in a bank and just use it for buying stuff with cash (groceries etc) no worries

Hi Charles, how do you actually transfer “properties with mortgage” from individual names to the FIC without refinancing? Pls clarify this. Thanks!

Happy Easter and thank you for your acts of kindness sharing this important information. Hope your office notifies all the English and Spanish courts.

We'll get it in the end we always do........HMRC tax inspector retired just spend it or give it away best advice and costs nothing.

Doubtful ...as a tax inspector the best advice and its free is ....spend it or give it away and live a further 7 years then we cant get it !! Do not trust trusts either we break them with ease !!

Forget all this bull that these folk spout.......spend it or give it away its free. I know nothing else will work HMRC know all the tricks and defeat them all I know....spend it give it away and live your life !!!!

Thanks. Are there any downsides during that initial 3 year period, such as not being to claim 20% tax credit on any finance interest?

Thanks for explaining this. Me and my wife set up a limited company, each owning half the company with equal shares and same rights. When we formed the company we selected ordinary A shares and B shares ( Me 50% A shares and her 50% B shares). We didn’t make any amendments to the model articles, we just accepted it as it was on companies house. Those this mean when paying dividends each month, would we both have to receive the same amount? Or we can decide together who receives what amount. ?

great video, thank you. If setting up a company from new on with Companies house using an Ordinary A, Ordinary B share structure, can the Companies House's provided standard Model Articles of Association be used or does one have to be drafted and uploaded?

My mother set up a lifetime trust solely for my elder brother. When she died I handled probate and was hit by a £5000 (£350000 estate) charge by the solicitor to obtain the money in that trust. Also some of us do not have a million in assets and approaching our 80’s so surely some of these arguments don’t apply in the same way. I appreciate the points you were putting across but I would rather have seen a more even handed approach, even though it would not help your business. I have found in life it is very rarely black and white in these situations.

As a retired tax inspector the only 2 ways to avoid IHT is ...spend it...or give it away and live 7 years after the gift.....nothing else I repeat nothing else is certain.I know.

Can you pay £1 per year rent to your trust to live in the property? Regarding capital gains tax, that needs to be paid only when you sell the property. So if you do not sell the property, you do not have to pay CGT. Am I right?

How much does it cost to covert the limited company to FIC and what docs are required

If you leave your property to your kids in a trust, what is the process if they want to sell it ? Are there constraints ?

How should outright gifts of cash be recorded?

Very good explanation- thank you.

Hi thanks for the video, so we want to put our house(main residence) in to trust for our grown up sons, whats the best way? Or isnt there one at all?, ive heard a few people have done it. Thanks in advance

Very Interesting

Really enjoy your educational videos we never had to think about this as house prices never reached this level in my life until now ! My parents never had this issue either. Always associated this with rich. Why are threshold so low in comparison ?

Quick question. If all the nill rate band is used and the person dies within 7 years of a chargeable transfer do they still pay 20% or 40%.

Hi firstly thank you for the videos! My grand parents were very successful business partners going backin the 80s/90s . my grandfather passed away 15 years ago and my grandmother is still alive and very switched on bright woman, we got told a long time ago when I was back in my 20's at the time that they were going to leave each of the grandchildren 2million each. I don't know why they haven't gifted this amount to us years ago to avoid any sort of inheritance tax, I'm not the type to as ask questions, we have been brought up properly and that would be very cheeky to ask lol. We don't talk about it a lot within the family because we all work hard and of course the money would be a bonus if we had it, but if we didn't, it wouldn't be the end of the world. However, Getting that much money and getting taxed on the money over the £325000 would be a kick in the teeth for any man. My brother said something years ago that the money they made never came into the uk. so im assuming its abroad or in some swiss bank maybe. And i highly doubt that my Grandmother would let us pay that much IHT on that much money. All we got told was that we would have a letter when they both pass away. I'm thinking the money is abroad? Or is there any other loop holes in the IHT? Because they would never pay that much tax. We currently live in Manchester.

Differnet people do require different plans and its the time taken to deliver and explain the advice and aslo the liability for giving the advice. In most case we are protecting millions of pounds of assets and so doing it correctly takes time. Say it costs someone £10,000 but they save £200,000 in tax and protect several million of assets - is it worth it? - each person makes their own decisions. In the end all legal advice is expensive but our is just less so.

Just reading your guide and watching your vids - they are great and much appreciated thankyou! I have a simple question please... I understand that there are many, many, complex variations on peoples family situations and wishes, so it's great that you continually explain simple 'text book' family examples, because they are very common and tangible (2 parents with 2 kids that may have grand kids, blah, blah blah), up to to £1m estate etc; requiring the typical split through the bloodline path etc. So, if so many people fit the 'model' example, why does the lifetime trust & Will need to be expensive for the 'standard' core group of families that fit the 'norm'. Why isn't there a standard common version of auto generated trust & Will that you simply change the names on for £50, with a much higher fee for variations that take days rather than 10 mins?

Im due to marry my partner who owns his house outright, we have a daughter, its both our wishes that the house is left to her should anything happen to my partner after we marry, I'm willing to sign a prenuptial contract but thats going to cost thousands, am i right in thinking he can make a trust will for her to inherent the house n not leave me the house, but also states in the will im to stay in the property with her and look after it for her until she of age, some feed back would be great thanks

can you set up a lifetime trust for anyone? for example I have no children, but want to leave parts of my estate to my brother and my nephew. Can I set them up for those, or does it have to be children and grandchildren?

Hi and thanks for your videos. My sister and I inherited and sold our mother's house in Cyprus via a Cypriot solicitor and paid all taxes there. Do we need to declare it to the tax office? It is below the 325 threshold for each of us. Thanks.

Say if you only have 2 properties and want to partner with a sibling? Is it best to stay as an LLP

Hi, can you use the residence nil rate band every 7 years even though you don't have a trust?

Hi Charles, How do you avoid being caught in the following tax avoidance advice. Home Tax avoidance Guidance Property business arrangements involving hybrid partnerships (Spotlight 63) Find out about a scheme used by individual landlords to avoid paying tax on their property income and reduce Capital Gains Tax and Inheritance Tax.

Brilliant explanation of the matter. Would like to know what type of trusts can be life trusts? Any videos you would suggest to watch? Thank you

Hi, I am about to sell a house to help my son to buy a house in the area where he works. If I sell the house, give the proceeds to him as a deed of gift (processed by a solicitor), and if I survive for 7 years after that deed is made, does that mean those proceeds will not be taxed? Also, as I have a daughter as well, in uni now, can I make the deed of gift to split the proceeds to half to her and half to him, and in private ask her to give us her half back so we can live on it, as she doesn't need the money yet? And if 3 years later, I sell another house and make the deed of gift to my son and daughter again, will there still be clawbacks if the total amount of the proceeds of both houses is under £500,000, and I lived on for 7+ years after the second deed is made? Thank you for your advice!

It astonish’s me how the UK is a “so-called” a free nation, but we’re dictated too on what we can and cannot do with our own money! To the point where we’re not even allowed to gift presents to our loved ones without getting in trouble by big brother-the state. These so-called “free nations” are more suited to be a dictatorship or the like-or maybe even worse!

Have taken on board all your advice on inheritance tax. We have two children to leave the house to. One lives in Chile. . Would his half of the inheritance become complicated as he lives abroad. Many people immigrate to Australia. I think a video on this would be beneficial to many people.

Thank you.

Hello, I have a question relating to IHT specifically chargeable life transfers and PET. 1. If I made a £300,000 transfer into a trust would it be a CLT or a PET? 2. If I made a transfer into a trust for £3,000,000? 3. Do I still get the Nill-Rate band? Thanks for the info!

Hi Charles, Thank you for spending the time making videos. I have a question. I own property in my own name, but want to create an LLP with my new spouse to arrange the income in a more tax efficient way. My concern with this approach is the additional complications of mortgage arrangements once the property is transferred in to the LLP. Is there a way to keep the property in my own name for mortgage reasons, but benefits from the property being under management by the LLP.

Great video. So, if a couple wanted to set up a Trust and a beneficiary child were to take a loan from the trust to buy a house (not using g atop up mortgage from a bank) then any loan repayments go back into the trust, as growth? I assume that the trust can set the interest rate, and there is no issues with that rate being below market expectation? And the trustee can then take money back out of the trust?

Always interesting 😊

"Promosm" 🍀

So a married couple that intend to pass down thier house have a combined tax exemption of £1,000,000. That's all I need to know.