Didn't find your answer?

These clients are being badly advised re IHT. The EBT loan clearly should not be written off, as that indeed causes an IHT exit charge issue. The loan should always be repaid (even circular borrowing works here) under the settlement to avoid this IHT issue.

https://www.taxation.co.uk/articles/personal-impact-of-loan-charge-legis...

There is no way to warn Taxation Magazine readers, as there is no "comment box" facility there.

[Edit] Taxation Magazine now have this comment in their online version.

Replies (2)

Please login or register to join the discussion.

Head of woman
By Rebecca Cave
02nd Sep 2020 10:13

You can write to Taxation Magazine and your reply may be published in the Feedback column.

Thanks (0)
Replying to Rebecca Cave:
avatar
By Justin Bryant
02nd Sep 2020 11:08

Noted and I recall I did this previously on this (apparently widely misunderstood) issue. See: https://www.taxation.co.uk/articles/2017-06-20-336567-feedback

Thanks (0)