Inheritance Tax on Contractor Loans

[turbowoowoo]

Can some one please explain in simple terms (if at all possible) how IHT may apply to contractors loans?

When does this apply ?
How much is the tax?
Is there a threshold?
If we settle with HMRC will the trust write the loans off?
What will happen if loans are not written off,cleared?

This is a bloody minefield

[stek]

Can some one please explain in simple terms (if at all possible) how IHT may apply to contractors loans?

When does this apply ?
How much is the tax?
Is there a threshold?
If we settle with HMRC will the trust write the loans off?
What will happen if loans are not written off,cleared?

This is a bloody minefield

You mean your in an EBT?

[Boobetty]

More or less everything you need can be found here.