How To Avoid Inheritance Tax On Property: Many people think gifting their home to their children is a clever way to avoid inheritance tax and stamp duty. The truth? It can be one of the biggest financial mistakes you’ll ever make!
In a recent video, I explain why giving your house to your children before you die could backfire. I explain the legal pitfalls of this strategy, and how it could go wrong for you personally. If you have ever considered giving your property to your children, make sure you watch this video first!
You can watch the full video at the top of this page or via my YouTube channel. If you watch the video on YouTube, don’t forget to leave a comment sharing your experiences with the inheritance tax system.
But if gifting your house to your children isn’t always the best way to avoid inheritance tax, what are some of the other strategies? Luckily, as a multimillionaire property investor, I have spent a lot of time and money researching this exact topic. In this article, I will show you how to avoid inheritance tax on property, using 3 different powerful techniques!
I am not a tax advisor, and this is not tax advice. The purpose of this article is to get you thinking about your options, so that you can talk them through with a qualified professional. What is right for one person may not be right for another. Your circumstances and jurisdiction will help a professional determine what is right for you.
I want more people to think about how to avoid inheritance tax on property, so they don’t end up having to give their hard-earned money to the government. While the super rich already know how to avoid paying inheritance tax, the everyday person doesn’t! That’s why I want this article to get to as many people as possible!
If you find this blog post useful, please consider sharing it on your social media pages. That way, more people will understand how to avoid inheritance tax on property, potentially saving them a lot of money! It really makes a difference when people share our content, and I truly appreciate each person who does!
1. How To Avoid Inheritance Tax On Property: The Debt Death Strategy!
Borrow against your existing property. Then start a company with your children to invest in real estate. Lend the money to the company as a directors loan. The money can then be used to grow a property portfolio, while the debt reduces the value of your estate!
2. How To Avoid Inheritance Tax On Property: Move And Invest Abroad!
If you have built significant wealth, why not move yourself and your assets to another country that doesn’t have inheritance tax? This does take a lot of time and planning, but if done correctly, it can save you a lot of money!
3. How To Avoid Inheritance Tax On Property: Trusts And Foundations!
A more advance strategy is using trusts and foundations. The properties are not in your name, but rather in the name of the trust or foundation. Done correctly, this means they will potentially never be subject to inheritance tax! You will need extensive professional advice before attempting this, however.
How To Avoid Inheritance Tax On Property: Just Get Rich First!
If your house doesn’t reach the inheritance tax threshold, you are worrying about the wrong thing! Before you start worrying about how to avoid inheritance tax on property, worry about getting rich!
Luckily, I can teach you how to grow your wealth! Join me at my next introductory online training event!
We have different online trainings throughout the year, each teaching different things. Here is a sample of what you could learn on one of our online introductory webinars:
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The SECRETS to becoming a successful property investor
Get immediate and actionable insights to accelerate your property investment journey.
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How to LEVERAGE other people's money to get started
Begin to understand the strategies to use to reduce the barriers to getting started.
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How to FIND fantastic property opportunities
Understand where property professionals source the best deals.
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How to RECYCLE your money again and again
Don't just do it once, repeat the process to build your property portfolio.
Property investing is not just for the rich! Learn the strategies that thousands of people have used to not only start investing, but become financially free! Tickets are free, so book your property training webinar now. If you are ready to take action, I hope to see you very soon!
