Private Trust - Loan Set Up
I'm planning to transfer money from the sale of a home (not in trust) across to the Bank Account which is used solely for the Trust (I've not been able to get a Bank to agree to a TRUST account so its a regular account just used solely for the trust). This money I want to put across as a loan to the Trust and will be to buy a new home which will be placed into the private trust. I'm thinking that as a loan, the HMRC cannot claim tax and this should be 'legal' and honourable. Is there a video that covers trust loans?
Also, related to this, we are informed that the private pension split from a divorce MUST go into a FCA approved investment... (for tax extraction). Is there any way to get this lump sum transferred to an investment scheme that is NOT an old-school FCA organisation? Any advice or trusted consultancy who can assist would be really helpful.
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Graham Cox
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Private Trust - Loan Set Up
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