SDLT on purchases of second homes and restrict mortgage interest relief in order to curb rampant rising prices.
The following year, the Bank of England raise interest rates by 2%.
Kylie and Jason suffer financial difficulties as a result of these changes, which subsequently cause them matrimonial problems.
“They were smart”
The EPT provides asset protection from lenders and ensures that neither party to the marriage can stake a claim for the assets, as these are ring-fenced, providing financial security for the children.
The trustees are able to apply income for school fees with any issue.
You can’t predict the future but you can manage and mitigate risk.
Two key words to take away from this case study are: “asset protection”.
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