Legacy Land Trust

Legacy Land Trust

The Legacy Land Trust can help you benefit from potential inheritance tax (IHT) savings and potential capital gains tax (CGT) savings.

The Trust of Land can remove the property from your estate, potentially saving you thousands of pounds in IHT and CGT.

You can apply a Trust of Land for:

  • Property purchased for your children or other family members in the past
  • Property where family are on the legal title.

Scenario 1 (CGT Savings)

If the below property is drafted as a Trust Of Land, the CGT will be £0! This could give a huge saving of £56,000* as main residence relief now applies. But it would need to be done before the exchange of contracts in 2015.

If the parents do not wish to benefit from the sale proceeds, having not benefited from the property and their estates are above the Nil Rate Band, the value can be removed from their estates – immediately saving £120,000 in IHT.**

*at CGT rates as at March 2017

** at IHT rates as at March 2017

Legacy Land Trust

Scenario 2 (CGT Savings)

If the below property is drafted as a Trust of Land, the CGT liability would be £0! The Trust of Land (Historical) is dated on the day drafted, but confirms the situation from a date in the past.

Legacy Land Trust

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Testimonials

Very helpful, courteous and efficient - just what I wanted I did not want to be talked down to, or told what to do - and they were just what I was looking for - professional and efficient

David Blake, Feb 11 2017

The team at legacy wills have been very helpful and extremely courteous when talking through the full process with me. Would highly recommend.

Miss Jane Adiller, November 3

I found the advisor extremely helpful, explaining clearly any points which I was unsure about. I received my Will some days later and was pleased that the company followed up to check that I was happy with it. I did not feel pressured in any way and I would recommend this company to anyone wishing for a straightforward and efficient service.

Linda Leary, November 3

Legacy wills explained every step very clearly and anything you forgot to ask they encouraged you to contact them, they also made you feel that no question was to big or small they would always find the answer.

Juliet Patricia, December 3

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