When Keir Starmer gave a field to his parents, he used a “life interest trust”. This meant that, as its value grew from £20k to £300k, it was outside his parents’ inheritance tax estate. Tax Policy Associates 28 September 2025 Link UPDATE: 10am Sunday 28 September. Mr Starmer just told Laura Kuenssberg that he didn’t create a trust. That is hard to understand when The Sunday Times has been asking Mr Starmer about a trust for a month, and he at no point denied there was a trust. It also makes it hard to explain the form of words Mr Starmer used in his letter to the Parliamentary Commissioner: “I immediately gifted the land to my parents for so long as they should live”. To a lawyer, that means a trust. In 1996, Keir Starmer bought a seven-acre field behind his parents’ house so they could keep rescue donkeys. But the arrangement wasn’t quite as simple as a gift. The wording he later used suggests he created a life-interest trust: his parents could use the field for the rest of thei...