Wills / Probate / Trusts Taxation

Ray & McLaughlin's Practical Inheritance Tax Planning 17th ed

Edited by Mark Mclaughlin · John Bunker
Coming Soon Bloomsbury Professional (formerly Tottel Publishing) Available July 2026

Specifications

ISBN-13
9781526536365
Publisher
Bloomsbury Professional (formerly Tottel Publishing)
Publication
July 2026
Format
Paperback
Jurisdiction
U.K. ? Countri(es) for reference only

Details

This well-established commentary gives private client advisers and accountants an expertly written and highly practical guide to the main planning points, potential pitfalls and possible solutions to consider when dealing with IHT and estate planning solutions.

The October 2024 Budget statement introduced some of the most consequential changes to the inheritance tax regime and the new edition of Ray and McLaughlin's Practical Inheritance Tax Planning is updated to take account of this new landscape.

The concept of domicile was removed from the UK tax system with effect from 6 April 2025. As such the scope of UK IHT on non-UK situated assets is no longer determined by an individuals domicile status; it is now judged on how long the individual has been resident in the UK. All individuals are affected whether they were domiciled in the UK or non-domiciled under the old rules. The changes to the residence based system also has an impact on the IHT treatment of trusts and excluded property (non-settled property situated outside the UK).

A further significant change covered in the updated edition is the change to to the IHT rules relating to Agricultural Property Relief and Business Property Relief (with exception of unlisted shares) with effect from 6 April 2026.

The commentary also reflects the change which means that inherited unused pensions and death benefits will be within a deceased's estate for IHT purposes. There are important planning implications relating to all the these changes and the revised commentary will highlight these along with any identified pitfalls.

Key points will be highlighted throughout and all examples updated, with new ones being added where necessary.

Table of Contents

Introduction and Outline
Residence and Domicile
Excluded Property
The Art of Giving
Gifts with reservation of benefit
Husband, wife and civil partner
Nil rate band
Residence nil rate band
The use of exemptions
Appropriate will planning
Practical aspects of will planning
Interest in possession settlements
Other varieties of settlement
Practical aspects of drafting settlements
Business interests
Business property relief
Agricultural property
Estate planning - woodland, heritage property and Lloyd's underwriters
Pensions, life assurance etc
Pre-owned assets
Compliance issues
HKD 2,269.80 −3%
HKD 2,340.00

Inclusive of HK delivery

Pre-order now
Delivery Time: around 4-5 weeks
Not yet published? ?
Extra 2-10 working days if shipping address outside Hong Kong
  • Free HK shipping over HK$1,000
  • International shipping to 35+ countries
Order Form
Save

Recommended

You may also be interested in these books:

More titles from Wills / Probate / Trusts

View all