Business Asset Trusts
This product aims to provide flexibility in growth of business assets, their disposal. Whereas tax legislation is very rigid, a Minerva Trust is designed to provide access to seemingly untouchable and considerable funds, using expertly-crafted trust mechanisms that fulfill legal obligations.
A UK-resident individual owns (solely or jointly) a Portfolio of investments. This can be anything of a capital nature but is, most usually, property. The properties may be subject to a mortgage. The incidence of capital gains tax and income tax is a significant problem in commercial management and growth of the Portfolio. The Portfolio also carries the burden of inheritance tax on the death of its owner(s).
Business Assets Plan
Using legal strategies successfully implemented over a decade, the Portfolio can be moved, under statutory protection, into a tax-free, trust-based environment.
We transfer the personal assets, tax-free, into a new company. The new company then transfers the assets to a Minerva Trust, again tax-free by statute. We create a mortgage structure for the foreign assets, so that the economic value of those assets passes tax-free into a Minerva Trust.