Publisher's Synopsis
15th edition with almost 300 pages of up-to-date inheritance tax planning advice.
Proper inheritance tax planning could save your family hundreds of thousands of pounds. This comprehensive and completely up-to-date book tells you everything you need to know about inheritance tax.
It takes a detailed look at both simple and sophisticated tax planning strategies and will help you decide what action you and your family should take now.
The author, Carl Bayley, is chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW).
Topics covered in the guide include:
- The very latest changes announced in recent Budgets.
- A revamped chapter on basic inheritance tax principles, including expanded sections on how the tax is calculated.
- More than a dozen inheritance tax planning techniques for protecting the family home.
- How trusts can be used to slash your inheritance tax bill - with real-life examples.
- How to use Business Property Relief to pass unlimited assets to your family.
- How to gift assets during your lifetime without causing financial hardship to you and your spouse.
- New and expanded sections explaining how to pass assets to your children (or other beneficiaries) and yet still do this tax free under the spouse exemption.
- Updated sections on HMRC's latest anti-avoidance weaponry, how it is applied in practice, and how to ensure this doesn't happen to your family.
- A new section covering the dramatic increase in probate fees.
- Plus lots more...
Dozens of clear real-life examples are used throughout to explain important points.
