Inheritance Tax on Contractor Loans

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Boobetty replied

22 December 2014, 16:29
More or less everything you need can be found here.
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stek replied

21 December 2014, 22:01
Originally posted by turbowoowoo View Post

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?
Leave a comment:
turbowoowoo started a topic Inheritance Tax on Contractor Loans

21 December 2014, 21:23
Inheritance Tax on Contractor Loans

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
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