Ray & McLaughlin's Practical Inheritance Tax Planning (16ed)
This well-established title is a first port of call for many private client advisers working with clients on inheritance tax planning engagements. The first and last chapters outline the basic principles while summarising the law; the chapters in-between contain clearly laid out advice to aid the adviser in the creation of client-specific planning solutions. All chapters contain a significant number of worked examples to help the adviser in this regard. Where relevant, case summaries and other precedents are also provided.
The previous edition was published in December 2017. It picks up on the important changes in relation to both deemed domicile and excluded property announced in the second Finance Bill of 2017, issued in September. The book was passed for press before the Bill received royal and so this new edition will now provide much more detail on these areas inluding relevant new examples.
The Disclosure of Tax Avoidance Scheme (DOTAS) rules also changed as a result of the second Finance Act, so there will also be more detail to add in this area in the new edition.
As always, relevant new cases will be added and where appropriate other precedents will be added.
- 1. Introduction and Outline
- 2. Domicile
- 3. Excluded Property
- 4. The Art of Giving
- 5. Gifts with Reservation of Benefit
- 6. Husband, Wife and Civil Partner
- 7. Nil Rate Band
- 8. Residence Nil Rate Brand
- 9. The use of Exemptions
- 10. Appropriate Will Planning
- 11. Practical Aspects of Will Drafting
- 12. Interest in Possession Settlements
- 13. Non-interest in Possession Settlements
- 14. Other Varieties of Settlement
- 15. Practical Aspects of Drafting Settlements
- 16. Business Interests
- 17. Business Property
- 18. Agricultural Property
- 19. Estate Planning- Woodland, heritage property and Lloyd's Underwriters
- 20. Pensions, Life Assurance etc
- 21. Pre-owned Assets
- 22. Compliance Issues