Inheritance Tax Planning

Recent Seminars - Tuesday 30th April 2019:

If you are involved with clients who would like to reduce their IHT liability, whilst also 'keeping an eye' on their future potential need to pay for long term care, you may wish to consider reviewing the information provided at one of the seminars about flexible reversionary trusts organised by Uni-Tech Associates S.A.

Very much under-represented is a solution that has been available since 1991. The flexible reversionary trust allows clients to

  • reduce their estate for IHT purposes
  • retain flexible access to capital, should the need arise
  • pass capital to beneficiaries during their lifetime

Uni-Tech Associates S.A. hosted two seminars on Tuesday 30th April 2019, covering this type of arrangement.

Presenters included Nick Chadwick and Lynton Tucker.

The seminar covered

  1. A brief overview of the proposition
  2. The view of HMRC towards these arrangements
  3. Why Gifts With Reservation of Benefit rules do not apply to these trusts
  4. POAT, DOTAS and GAAR
  5. An eye on the future

The principal products discussed are shown below, If you need any further information I will pass your details onto Uni-Tech Associates S.A.. Contact: Anthony Rothwell

Estate Control Bond (ECB)

The Estate Control Bond is an offshore insurance bond consisting of a series of surrenderable unit-linked single premium endowment life assurance policies. The Bond is normally written on a single Settlor multiply lives assured basis. The structure of the plan provides an Inheritance Tax Benefit. Each policy will have a maturity date attached to it, a Death Benefit, a Surrender Option and the right to extend the Maturity Date. The Death Benefit, the Surrender Value and the Extension Option are gifted into a Relevant Property Settlement. On maturity each policy will revert to the Settlor. The Settlement structure allows for the Trustees to assign and appoint Settlement assets in addition to extending Policy Maturities

Literature


Forms


Sales Aids
Estate Management Bond (EMB)

The Estate Management Bond is an offshore insurance bond consisting of a series of non surrenderable unit-linked single premium endowment life assurance policies. The Bond is normally written on a single Settlor single life assured basis. The structure of the plan provides an Inheritance Tax and Income Tax Benefit. Each policy will have a maturity date attached to it, a Death Benefit and the right to extend the Maturity Date. The Death Benefit and the Extension Option are gifted into a Relevant Property Settlement. On maturity each policy may revert to the Settlor. The Settlement structure allows for the Trustees to appoint Settlement assets in addition to extending Policy Maturities.

Literature



Forms


Sales Aids
Estate Transfer Bond (ETB)

The Estate Transfer Bond is an offshore insurance bond consisting of a series of non surrenderable unit-linked single premium endowment life assurance policies. The structure of the plan provides both Inheritance Tax and Income Tax Benefits. Each policy will have a maturity date attached to it and a Death Benefit. The Death Benefit is gifted into a Bare Trust; a potential discount may apply to this gift. On maturity each policy will revert to the Donor. The Bond may be single or joint life.

Literature


Forms


Sales Aids
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