Inheritance Tax Made Simple - The Essential Guide to Understanding Inheritance Tax

Informationen zum Autor Andrew Komarnyckyj is the Director of a niche legal practice delivering innovative legal services to the public and to other professionals. He had a successful career in sales and marketing prior to qualifying as a solicitor. He studied law by correspondence course while working full time, and was awarded two prizes for achieving the highest marks nationally in one of his law exams. During his legal career he has been the head of the Probate Department for two leading West Yorkshire firms of solicitors, at one of which he became a partner. He has over 15 years legal experience working exclusively in the field of wills, trusts, tax planning and probate. He left conventional legal employment in March 2009 in order to establish Wills, Probate and More, www.willsprobateandmore.co.uk, his own niche legal services company, and to be free to comment on the legal profession as an outsider. He now divides his time between legal practise and writing. Andrew is also the author of Probate Made Simple (9781906659554). Klappentext 'Inheritance Tax Made Simple' offers practical measures that you can take to reduce the burden of inheritance tax (IHT). This applies whether you are concerned about the impact on your own money and assets, or you are receiving an inheritance which may be subject to IHT or cause you to be subject to IHT. The book is divided into four parts: Part 1: An overview of inheritance tax. Part 2: Planning to reduce any IHT burden during your lifetime. Part 3: Taking measures to reduce the burden of IHT on death. Part 4: Dealing with IHT issues if you are administering an estate. Inheritance tax touches some of the most sensitive areas of any legal subject, and dealing with it can often be unduly stressful, or come at a difficult time in your life or the lives of loved ones. It is the aim of this book to be helpfully straightforward and a thorough guide to this complex area of law, and to lessen such stresses as far as is possible. --- Erratum to first edition: Point (4) on page 14 should read: "In some cases there will be a nil-rate band to transfer where the death of the first spouse occurred before 21 March 1972. Prior to 21 March 1972, if a husband or wife left assets to his or her spouse (or anyone else) those assets were taxable. If the assets exceeded the nil- rate band in force at the time, there will be no nil-rate band available to transfer. If they were less than the nil- rate band at the time, there could be a partial or entire nil-rate band to transfer." Zusammenfassung Offers practical measures that you can take to reduce the burden of inheritance tax (IHT). This title provides: an overview of inheritance tax; and, a planning to reduce any IHT burden during your lifetime. It also provides advice on taking measures to reduce burden of IHT on death and dealing with IHT issues if you are administering an estate. Inhaltsverzeichnis About the AuthorAbbreviationsPrefaceIntroductionPart 1: A Detailed Overview of the Inheritance Tax Regime1.1 A reminder1.2 IHT in a nutshell (transfers of value)1.3 The meaning of domicile1.4 The geographical ambit of IHT1.5 The nil-rate band and the rate of IHT1.6 The ticking seven-year clock1.7 Many nil-rate bands1.8 The spouse/civil partner exemption1.9 The transferable nil-rate band1.10 Using up the transferable nil-rate band1.11 Multiple transferable nil-rate bands?1.12 Maximising the tax savings from transferable nil-rate bands1.13 Evidential issues raised by transferable nil-rate bands1.14 More on domicile1.15 The IHT charge on gifts (PETs and chargeable transfers)1.16 Exemptions (transfers that are exempt from IHT)1.17 Reliefs available in respect of inheritance tax1.18 Capital gains tax (CGT)1.19 Associated operations1.20 Gifts with a reservation of benefit1.21 Pre-owned assets1.22 Wills1.23 Severance of tenancy1.24 Trusts1.25 Valuing assets for IHT purposes1.26 Conclusion of Part 1...

Dettagli sul prodotto

• Autori: Andrew Komarnyckyj
• Editore: Harriman House
• Lingue: Inglese
• Formato: Tascabile
• Pubblicazione: 24.01.2011
• EAN: 9780857190208
• ISBN: 978-0-85719-020-8
• Pagine: 224
• Categorie: Guide e manuali > Diritto, professione, finanze > Imposte; Scienze sociali, diritto, economia > Economia > Altro