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So far zero information. Basically I wish to know whether it is worthwhile to consider putting our house purchase in a discretionary trust and would it save stamp duty. Thank you. EW.
Thank you for your response. What if we set up a discretionary trust before purchasing the property and buy it through the trust. Would we save on stamp duty. My wife and I want to leave assets to our children and grandchildren. We are UK domiciled.
Thank You. EW.
The main reason for considering setting up a trust was to pass on as much of our assets to our children and grandchildren when we die. We were probably under the mistaken impression that if we initially purchased the house in a trust that this would mitigate the amount of stamp duty we would have to pay?
Possibly c£2,000,000 for both my wife and myself.
At this stage mitigating SDLT.