Home Loan scheme effective for IHT
In Elborne & Ors v HMRC [2026] EWCA Civ 894, the Court of Appeal (CoA) agreed with previous tribunals that an Inheritance Tax (IHT) Home Loan scheme was valid. The value of a settled property within a deceased’s estate could be reduced for IHT purposes by an associated loan note as it was not caught by the relevant anti-avoidance legislation.
