Section 72/73 Inheritance Tax Life-Cover Trust — Solicitor-Drafted, Fixed Fee

Section 72 and Section 73 life-assurance policies are designed so that, if set up correctly, the proceeds used to pay inheritance tax (Section 72) or gift tax (Section 73) are themselves exempt from Capital Acquisitions Tax. This fixed-fee service ensures the policy is held on the right trust terms.

We advise on how Section 72/73 relief works, review your policy arrangement, and draft the trust and supporting documents so the proceeds are applied to the tax liability as the legislation requires.

It is for individuals and families who have, or plan to take out, a qualifying life policy to cover a future CAT bill and want it structured correctly.