Family Limited Partnerships are now widely regarded as an excellent IHT planning tool for UK tax payers - ability for donor to retain control and take a larger share of income with careful planning.
Transferring any of your assets with pregnant gains into a Family Limited Partnership (FLP) can crystallise the gains at 28%, which in the opinion of many commentators may be the lowest rate of higher rate CGT for many years to come, and move the base cost of the assets up to today’s value.
CGT crystallised now would not need to be paid for 9 months after the tax year in which it is incurred - ie 19 months.
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