Trust Proposition Tree

The information contained on this page is intended for Professional Adviser use only.

Is your client UK Domiciled?

    Yes
    No
    Yes
     

Does your client wish to reduce their IHT?

    Yes
    No
    Yes
     

What level of access to the investment does your client require?

    No access to capital or growth
    'Income' (as withdrawals of capital)
    Access to the capital, but no access to growth
    Potential future access to both capital and growth
    Yes
     

Does your client wish to avoid probate?

    Yes
    No*
  •  
     
    Available through Utmost International Isle of Man Limited
    & Utmost PanEurope.
  •  

    Gift
    Trusts

    > Absolute Trust
    > Discretionary Trust
     
  •  
  •  

    Discounted
    Gift Trusts

    > Absolute Trust
    > Discretionary Trust
     
  •  
  •  

    Loan
    Trusts

    > Absolute Trust
    > Discretionary Trust
     
  •  

    Reversionary
    Interest
    Trust

     
    > Discretionary only
     
  •  
  •  

    Discretionary Trust - Settlor can be a beneficiary

     
  •  
     
    or
  •  

    Probate
    Trust

     
  •  

    Excluded Property Trusts**

     

* For alternative trusts such as will trusts please speak to a legal adviser.

** Changes introduced in the Summer Finance Bill 2017 mean that excluded property trusts are no longer beneficial in sheltering assets from UK IHT where the settlor is non-domicile at the point of settlement but has a UK domicile of origin or was born in the UK.

This information is based on our interpretation of law and taxation practice in the Isle of Man, Ireland and the UK as at 1 March 2022. Tax rules may change and are subject to individual circumstances.