PUBLICATION DATE: JULY 2024
PAGES: 288
EDITION: 20th
ISBN: 9781911020967
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How to Save Inheritance Tax 2024/25

By Carl Bayley BSc FCA

Proper inheritance tax planning could save your family hundreds of thousands of pounds.

This guide tells you everything you need to know about protecting your family from the grave robbers' tax.

Taxcafe launched How to Save Inheritance Tax over 20 years ago and we've been updating and expanding it ever since.

The latest edition is completely up to date with all the latest tax changes, including the impact of Labour policy announcements and manifesto pledges on inheritance tax planning strategies.

Inheritance tax planning has become more important than ever following the 19 year freeze in the £325,000 lifetime exemption. This guide covers everything from simple to advanced tax planning techniques.

Written in plain English, examples are used to illustrate every key point.

What Information is Contained in the Guide?

Subjects covered include:

• A plain-English guide to calculating inheritance tax and how the tax works.
• The tax planning timetable: Steps to take at key points in your life.
• How to use the ‘regular payment’ method to pass unlimited funds to family members.
• Tried and tested tax planning techniques for protecting the family home.
• Lots of information throughout for landlords and property investors.
• Government proposals to alter the inheritance tax treatment of Non Doms and long-term UK residents.
• A detailed chapter on using pensions to save inheritance tax, including full details of the new Lump Sum and Death Benefit Allowance.
• Absolutely everything you need to know about using trusts to save inheritance tax.
• Planning strategies for owners of furnished holiday lets before the current benefits are scrapped.
• Family investment companies, combining massive IHT savings with other tax savings.
• How to also save capital gains tax when transferring assets to your family.
• The potential benefits of investment syndicates in inheritance tax planning.
• Everything you need to know about potentially exempt transfers, tax free after 7 years.
• Inheritance tax planning techniques for unmarried couples.
• How to use business property relief to pass unlimited assets to your family.
• The inheritance tax implications of remarriage.
• How to protect valuable antiques, paintings, etc from IHT.
• Things to watch out for if you're from a Scottish family or own property in Scotland.
• Important changes to:
• The rules on succession for those dying without a valid will
• The charity exemption, requiring some people to change their wills
• Agricultural property relief (from 6th April 2024).
• Other Government proposals and potential future tax changes.
• IHT Planning after death - How families can still save tax after a loved one has died.

Click here to read the full contents listing and first chapter of the book

About the Author

Carl began his career as a chartered accountant over 40 years ago and is now one of the country's most respected tax experts. He is a former chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales (ICAEW) and a former member of the Institute's governing council. He has written over a dozen plain-English tax planning guides and is a regular contributor to newspapers including The Times and The Telegraph, as well as TV and radio programmes such as BBC Radio 2's Jeremy Vine Show.

Carl enjoys his role as a tax author: "The most satisfying part is the chance to give everyone a high standard of information at a very affordable price". As he often says: "My job is to translate tax into English".

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When you order this guide you will also receive a FREE copy of How to Save Tax.

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