Executor Loan used to meet HMRC deadline
I’m a solicitor and was dealing with a complex £2.4m estate with commercial assets and properties in the UK and abroad. Myself and a family member were executors and we ended up with IHT liabilities both in the UK and in France and professional fees totaling £950k. The HMRC deadline was looming in days and we needed to get something in place to pay asap.
The solution: Executor Loan
Tower Street Finance paid the IHT bill of £750k in the UK within two days direct to HMRC. We also had another £200k which we were able to draw down to pay the French IHT and solicitor’s bills.
Get in touch today for a free, quick no obligation quote to find out how much you could access.