You only pay IHT on the net value of your estate. Loans can therefore be used to mitigate any potential IHT bill where an estate owes money. This is because they will be a debt against your estate, so will reduce your potential IHT liability.
However, there are restrictions on the offset of certain debts for the purpose of calculating liability to inheritance tax (IHT). Prior to this, where borrowing was secured against property, the value of that property would be reduced by deducting the borrowing. The extent to which such borrowing can be offset is now restricted in three ways:
The PAM Directory is a comprehensive guide on comparative data focusing on asset managers, investment managers, private banks, stockbrokers, wealth managers and multi-family offices, who provide discretionary and/or advisory portfolio management services for private clients.Order Now
Subscribe to PAM to hear about the latest news and promotions
Site Content Copyright PAM Insight Ltd 2016
This option is not available when logged in as a Private Asset Manager.
For registering with PAMonline. You should now receive an email asking you to verify your email address. If you do not receive this email, please call +44 (0)207 967 1601 for assistance.
For registering with PAMonline.
You should now receive an email asking you to verify your email address.
If you do not receive this email, please call +44 (0)207 967 1601 for assistance.
To return to the Home page, click here
To see full information of the Private Asset Managers,
plus the opportunity to rate and follow, login or register.
Please fill in all the fields.
To resend activation email type in your registered email address below. Or contact the PAM office on +44 (0)20 7967 1608 to get instructions to activate your account.