The Protective Property Trust
The Protective Property Trust(PPT) is a purpose designed trust, to hold properties other than the principle residence of the settlor, to remove them from the estate.
The benefits of a BPP are:-
- Remove the property/ies from the estate of the settlor and after 7 years it will no longer be subject to Inheritance Tax
- Reduces the impact of the assets of the trust from social impacts and third party claims, such as a divorcing spouse, or creditor
- Provides flexibility to trustees on how and when benefits are released
- Beneficiaries can reside in the property rent free as a means of benefiting from the asset in the trust