For clients keen to reduce their exposure to Inheritance tax (IHT) the discounted gift trust (DGT) is well worth considering.
First of all the DGT is a tried and tested solution having been part of the estate planners armoury for many years and is something which the UK tax authorities are very familiar and accepting of …..there is even a section on DGTs in Her Majesty’s Revenue & Customs (HMRC) Inheritance tax manual.
What is a ...