Should I use a disabled person's trust or a discretionary trust?

[@kalpnashah4030]

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 ?

[@Inheritancetaxadvice]

Hi Kaplna - Why indeed? Like many other taxes in the UK this is growing taxation on the public by simply not adjusting allowances in line with inflation. The worst example of this is the £3000 annnual allowance for gifts person which has been the same since 1981. Allowing for average inflation of 3.5% per year this figure should now be £13,0020 - a significant difference

[@firmbutton6485]

Living in france, I want to leave my estate (uk and french property) to my son who wants to live back in the uk. Is this possible?

[@Inheritancetaxadvice]

Yes itis not a problem - both properties will be part of your estate if you do it via your Will if you are Uk domicile. If you gift during lifetime if they are not your main residence CGT will arise

[@firmbutton6485]

@@Inheritancetaxadvice I am tax resident in france though. Is that an issue?

[@Inheritancetaxadvice]

It depends on your circumstance - Go to our website and pay for your initial advice is your best option as this is too complicated to deal with any other way

[@solomit1]

does a discretionary trust fro disable person qualify for RNRB

[@Inheritancetaxadvice]

Sorry a bit more complex than that the RNRB is a claim for IHT and the value of the property is passed to a trust and not the RNRB

[@solomit1]

@@Inheritancetaxadvice Thank. you for your reply, let me explain a bit more does a Will still qualify to utilise the RNRB on a residential property if a 1/3 goes into discretionary will trust for benefit of a disabled person who is a child of the spouse

[@Inheritancetaxadvice]

@@solomit1 Yes but get advice as this is complex planning

[@solomit1]

@@Inheritancetaxadvice okay thank you, much appreciated for your advice !

[@Inheritancetaxadvice]

Sorry cannot say without a full understanding of your circumstances - possibly both