Remembering what happened with the race to bank retirement relief I seem to recall that a number of people transferred businesses to interest in possession trusts. Can I set up somethign similar and tranfer the properties to the trust in which they have the life interest and the kids as the residual beneficiaries and therefor uplift the base cost? AM I missing something more obvious?
Malcolm Binnie
14th Mar 2006
1
Disposal to interest in possession trust
Disposal to interest in possession trust