Agricultural, Business and Heritage Property Relief

Informationen zum Autor Chris Erwood is a qualified associate of both the Chartered Institute of Taxation and STEP. Vorwort Business, Agricultural Property and Heritage Tax Relief is an expert guide to the rules of inheritance tax relief for business, farm, woodland and heritage property. Zusammenfassung Agricultural, Business and Heritage Property Relief, Seventh Edition (previous edition titled: Business and Agricultural Property Relief) is an expert guide to the rules of inheritance tax relief for business, farm, woodland and heritage property. This book discusses everyday situations that are likely to be encountered in practice and provides guidance on compliance, along with tips for saving clients’ tax. Most importantly it contains numerous examples of pitfalls to avoid in this complex area of tax law.It covers topics and questions such as: What constitutes agricultural property? What is treated as business property? The definition of woodland The types of property that attract heritage relief How reliefs interact How reliefs may be lost Valuable planning ideas Specific specialist subjects such as holiday lettings, horses, Lloyd’s underwriters, heritage maintenance funds and the treatment of royalties of deceased composers. It examines both legislation and case law in detail, and provides worked examples to illustrate how principles of tax relief are applied in practice. Numerous references to HMRC guidance and Manuals are also included. This is a very fluid area and is assuming increasingly significant importance for estates succession and IHT planning. This is the most eminent work on business and agricultural property tax relief in the market and is seen as a ‘reference bible’ and 'go to' book by IHT practitioners. New to the seventh edition: Updated commentary on new HMRC guidance on heritage tax reliefs following Finance Act 2016; More detail on investment versus non-investment; Additions to the unquoted shares list; Green v HMRC [2015] UKFTT 334 regarding business property relief on furnished holiday lettings; Updated of worked examples throughout. Inhaltsverzeichnis Chapter 1: IntroductionChapter 2: Agricultural property: qualifying propertyChapter 3: Agricultural property: agricultural value, the rates of relief, occupation and other aspectsChapter 4: Agricultural property: areas of particular concernChapter 5: Business property: property qualifying for the reliefChapter 6: Business property: the rates of the relief, the limitations to the reliefChapter 7: Relevant business property: exceptions to the relief: excepted assetsChapter 8: Relevant business property: aspects of valuation and the treatment of liabilitiesChapter 9: Relevant business property: exceptions to the relief: ‘wholly or mainly holding investments’Chapter 10: ClawbackChapter 11: WoodlandsChapter 12: Overlap of APR and BPRChapter 13: Tax sheltersChapter 14: General planning pointsChapter 15: Will planningChapter 16: APR and BPR: the new regimeChapter 17: Heritage property: what qualifies, undertakings and accessChapter 18: Heritage property: application for exemption and variation of undertakingsChapter 19: Heritage property: loss of the exemptionChapter 20: Heritage property: the regime for relevant property trustsChapter 21: Maintenance fundsChapter 22: ComplianceChapter 23: Payment of IHTAppendix 1: LegislationAppendix 2: Statutory InstrumentsAppendix 3: Extra Statutory ConcessionsAppendix 4: HMRC StatementsAppendix 5: HMRC and other Press ReleasesAppendix 6: Forms used in IHT100 and 400Appendix 7: Immensee Farm: a case studyAppendix 8: Heritage property: the old rulesIndex ...

Product details

• Authors: Chris Erwood
• Publisher: Bloomsbury
• Languages: English
• Product format: Paperback / Softback
• Released: 31.12.2017
• EAN: 9781526503763
• ISBN: 978-1-5265-0376-3
• No. of pages: 592
• Subject: Social sciences, law, business > Law > Taxes