PAGES: 312
EDITION: 10th
ISBN: 9781907302459
STATUS: IN STOCK
How to Avoid Inheritance Tax
Effective inheritance tax planning could save your family hundreds of thousands of pounds.
This comprehensive yet easy to read guide tells you everything you need to know about protecting your assets from the taxman.
The 10th edition of How to Avoid Inheritance Tax has just been published (July 2011) and is completely up to date.
Inheritance tax planning has become more important than ever, following the Government's decision to freeze the £325,000 lifetime exemption and not increase it. Inflation will erode its value every year, dragging more families into the tax net.
The guide is packed full of practical examples and tax planning ideas and, over the last eight years, has acquired a reputation as the best inheritance tax planning book in the UK.
Don’t just take our word for it. Here’s what the press, other experts and our customers have to say:
What Information is Contained in the Guide?
Subjects covered include:
- All relevant tax changes announced in the March 2011 Budget
- Plain-English guide to calculating inheritance tax and how the tax works.
- Tax planning timetable: Steps to take at key points in your life to make long-term tax savings.
- Detailed list of completely tax-free amounts - these can save you literally thousands every year.
- Detailed analysis of how the new IHT rules affect married couples.
- How to use the little-known ‘regular payment’ method to pass unlimited funds to family members.
- More than a dozen inheritance tax planning techniques for protecting the family home.
- How to pass on investment properties worth up to £650,000 free from both inheritance tax and capital gains tax.
- Detailed analysis of the latest trust changes and their impact on popular tax planning techniques.
- Plain-English guide to the various types of trusts, including: Discretionary Trusts, Interest in Possession Trusts, Life Interest Trusts, Bare Trusts, Bereaved Minor’s Trusts, ‘18 to 25’ Trusts and Disabled Trusts.
- How to use Business Property Relief to pass unlimited assets to your family.
- How to use Business Property Relief to protect your investment assets.
- How to get a double deduction for qualifying business property.
- How to make Lifetime Transfers in the most tax efficient way.
- Everything you need to know about Potentially Exempt Transfers, tax free after 7 years.
- Using family weddings to pass assets to children, future grandchildren and other family.
- Tax planning techniques for common law partners.
- Important steps to take to avoid capital gains tax when transferring assets to your family.
- How to plan for inheritance tax without causing financial hardship to yourself or your spouse.
- How hundreds of thousands of people in the UK with foreign domicile can protect their foreign assets from inheritance tax.
- How a couple, in the space of 48 hours, managed to give their children £20,000 tax free.
- How to use investments like rental property to obtain an extra IHT deduction.
- Planning after death - How families can still save tax after a loved one has died!
- What inheritance tax planning steps you should take when you lose a parent or spouse.
- Practical points on weighing up IHT savings against capital gains tax and other costs.
- How to keep control over your income when you give away capital.
- How you can knock up to 15% off your inheritance tax bill by simply changing the legal title you hold in your house.
- How to avoid IHT on valuable antiques, paintings, etc.
- How to avoid UK inheritance tax if you emigrate.
- How some people could avoid IHT simply by moving around the UK.
- Popular inheritance tax planning products explained.
- Practical answers to the problems of long-term residential care.
- How to retire to the country and save inheritance tax at the same time.
- How to benefit minor children and children who aren’t even born yet.
- Things to watch out for if you're from a Scottish family or own property in Scotland.
- Plus lots and lots more tax tips, examples and explanations.
- Dozens of clear real-life examples are used throughout to explain important points.
Click here to read the full contents listing and first chapter of the book
About the Author
The author is Carl Bayley BSc ACA, one of the country’s most respected ‘plain English’ tax experts. Carl is the author of 10 tax saving guides and is a member of the governing council of the Institute of Chartered Accountants in England and Wales. He lectures at the Institute of Chartered Accountants annual tax faculty conference and is a regular contributor to newspapers such as The Times and The Telegraph, as well as TV and radio programmes such as BBC Radio 2's Jeremy Vine Show.
Free Bonus Tax Guide - How to Save Tax 2011/2012!
When you order this guide you will also receive a FREE copy of How to Save Tax 2011/2012, worth £14.95.
This comprehensive tax saving guide contains 132 pages of tax saving tips. It is completely up to date with all the latest tax changes announced in the March 2011 Budget - essential reading for everyone who wants to pay less tax.
Please click here for more information on this excellent bonus ebook.
What Will I Receive?
- How to Avoid Inheritance Tax - 312 pages of tax saving ideas. Professionally printed by one of the UK's leading book printers.
- A FREE optional PDF copy of the guide, emailed immediately. This means you can start saving tax just seconds after ordering!
- A FREE copy of our new comprehensive guide How to Save Tax 2011/12 - packed with useful tax tips and information for the current year - emailed immediately. Click here for more details on this title.
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