T
Tom2023
New Member
Hi
I'm due to collect my tax free pension lump sum soon. I don't need the cash to pay off my home mortgage so I was thinking of investing it in a couple of BTL flats.
These flats and my home would put my net assets well above the IHT threshold.
I read an article and some comments in the Daily Telegraph about gifting property to children to avoid CGT and IHT and the consensus seemed to be the best way was to have a limited company and slowly gift the share to your children.
Does anyone have any experience of this and if so could they offer me any advice.
Naturally I'll be taking some independent financial advice but I'd like a heads up beforehand.
I'm due to collect my tax free pension lump sum soon. I don't need the cash to pay off my home mortgage so I was thinking of investing it in a couple of BTL flats.
These flats and my home would put my net assets well above the IHT threshold.
I read an article and some comments in the Daily Telegraph about gifting property to children to avoid CGT and IHT and the consensus seemed to be the best way was to have a limited company and slowly gift the share to your children.
Does anyone have any experience of this and if so could they offer me any advice.
Naturally I'll be taking some independent financial advice but I'd like a heads up beforehand.