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Ray & McLaughlin's Practical Inheritance Tax Planning, 12th Edition

Ray & McLaughlin's Practical Inheritance Tax Planning, 12th Edition

Author: Mark McLaughlin; Geoffrey Shindler; Paul Davies; Ralph Ray
Publisher: Bloomsbury Professional (formerly Tottel Publishing)
ISBN: 9781780431727
Published In: January 2015
Format: Paperback , 914 pages
Jurisdiction: U.K. ? Disclaimer:
Countri(es) stated herein are used as reference only

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Description
Contents

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Recommended by the Chartered Institute of Taxation in The Sunday Times*

Ray & McLaughlin's Practical Inheritance Tax Planning, 12th Edition is an essential guide to the IHT and planning issues that concern lawyers and accountants when advising clients on the most appropriate course of action.

Back and better for 2015

This ever-popular IHT handbook has a new practitioner-focused contents list which presents the topics in a clear, easy-to-follow order.

The 12th edition has also been updated with Bloomsbury Professional's trademark quick-reference structure which makes it easier to find the key topics and scenarios. 'Signposts' at the beginning of each chapter provide a useful summary of the main points and cross references to the relevant commentary while 'focus points' throughout highlight important issues.

Numerous worked examples illustrate planning points, potential pitfalls and possible solutions for estate planning and, for the first time, all examples are listed in a table at the beginning for speedy navigation.

Two years of change in one handy guide

Fully updated to Finance Act 2014, this invaluable resource covers:

• The provisions affecting deductions for liabilities for IHT purposes
• The election for non-UK domiciled spouses or civil partners to be treated as domiciled in the UK
• Spouse exemption: Transfers to spouses or civil partners not domiciled in the UK
• Relevant property trusts: Ten year anniversary charge (accumulated income)
• Trusts: Delivery of account and payment of tax
• Distributions on intestacy (Inheritance and Trustees' Powers Act 2014)
• Relevant case law including:
• Buzzoni & Ors v R&C (gifts with reservation)
• Mehjoo v Harben Barker (duty of care)
• HMRC v Lockyer & Robertson (BPR – holiday lettings)
• Trustees of David Zetland Settlement v R&C (BPR – commercial property)
• Ham v Ham (valuation of partnership share)

Chapter 1: Introduction and outline;
Chapter 2: Compliance;
Chapter 3: Transferable nil rate band;
Chapter 4: Appropriate will planning;
Chapter 5: Practical aspects of will drafting;
Chapter 6: Husband, wife and civil partner;
Chapter 7: Choice of type of settlement;
Chapter 8: Practical aspects of drafting settlements;
Chapter 9: Transfer and reorganisation of business interests-companies;
Chapter 10: Transfer and reorganisation of business interests-partnerships and other firms;
Chapter 11: The art of giving;
Chapter 12: The use of exemptions;
Chapter 13: Pre-owned assets;
Chapter 14: Life assurance and other insurance schemes;
Chapter 15: Estate planning-business and agricultural property;
Chapter 16: Estate planning-woodland, heritage property and Lloyd's underwriters;
Chapter 17: Foreign domicile.