I think that there may be a mistake here: "Any self-respecting property owner is familiar with the 'never sell' strategy. On paper it makes perfect sense - Capital Gains Tax (CGT) is never paid because you never realise the gains and CGT is waived upon death. And Inheritance Tax (IHT) is paid on the net value of the estate not capital gains so if the property portfolio is signed over to your children more than seven years prior to death this too will avoid tax." But - if you transfer assets prior to death then CGT is liable at transfer. The idea I suggested in my original post of Oct 29th was to release capital and transfer that - not the portfolio itself. How does the advice in the article change if it is released equity passed to children/grandchildren not property itself?

Hi Ed: Thanks for yr comments to the article. I think that IHT and trusts are just a bloody minefield. I just do not know what to do. I wish that Property Secrets would have articles in detail on various trusts and offshore trusts and offshore companies because the law changes so quickly that it is diffciult to know in which direction to turn. I have read their books with interest but due to the changes made by Gordon Brown I am not sure now if the 'discretionary trusts' are the best move. Can anybody out there advise!!! Help. Tax Planning is essential which is why I want to take the 'right' steps now. Lynn