Loan waiver deed

If you lend someone money and later write to them releasing the debt, it will still remain part of your estate for inheritance tax (IHT) purposes. To count for IHT purposes the waiver must be made by deed.

Reduce your estate

Where a loan is made between individuals, e.g. parent to child, HMRC will not accept that it has been waived and the estate of the lender reduced, unless the waiver is effected by deed. Use our Loan Waiver Deed to show HMRC that you don’t wish this amount to be taken into consideration when calculating the value of your estate.