Luxury asset lender, Suros Capital, has reached an agreement to add specialist inheritance tax and probate advisers, Provira, to its introducer panel.
Provira provides probate and IHT finance advances to estate executors and beneficiaries. Where customers have inherited property, Provira can help them release part of the value in the property immediately before probate has been granted.
Thanks to the relationship with Suros Capital, Provira can now help customers access funds secured against the value of the luxury assets which they have inherited.
Steve Gauke, director of Provira, said: “The Suros relationship gives us a valuable extra string to our bow. Beneficiaries and executors now have another means of generating funds.
“Once luxury assets have been valued to calculate IHT liabilities on a person’s estate, we can now offer customers a way to raise funds by leveraging them as security.”
Ray Palmer (pictured), director of Suros Capital, added: “ We are delighted to welcome our newest partner in Provira.
“Luxury assets are becoming an important resource for many purposes and Provira has recognised the added value they can offer to customers to meet the deadline of paying inheritance tax when estates are still held up in probate as well as freeing capital for other purposes ahead of probate being granted.”
