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Inheritance Trusts, or Gift and Loan Trusts, were designed as a means of limiting the charge to Capital Transfer Tax by ‘freezingâ€� the value of a large part of the transferor’s estate and allowing any financial growth on that element to take place in the estates of intended beneficiaries free of tax. »Ê¹ÚÌåÓýappse schemes were therefore known as ‘estate freezingâ€� schemes.

»Ê¹ÚÌåÓýappre are two basic types, the ‘originalâ€� scheme (IHTM20511) and the ‘reverse loanâ€� scheme (IHTM20521).

It was considered unreasonable for individuals to limit their estates in such artificial ways, and legislative changes were introduced to counteract them