Synopsis
Proper inheritance tax planning could save your family hundreds of thousands of pounds. This comprehensive and completely up-to-date book tells you everything you need to know about inheritance tax. It takes a detailed look at both simple and sophisticated tax planning strategies and will help you decide what action you and your family should take now. Inheritance tax planning has become more important than ever following the Government's decision to freeze the £325,000 lifetime exemption, which means inflation will steadily erode its value every year. Topics covered in the guide include: The very latest changes announced in the two most recent Budgets (including full details of the new residence nil rate band); How to calculate inheritance tax; More than a dozen inheritance tax planning techniques for protecting the family home; How trusts can be used to slash your inheritance tax bill - with real-life examples; How to use Business Property Relief to pass unlimited assets to your family; How to gift assets during your lifetime without causing financial hardship to you and your spouse... plus lots more! Dozens of clear real-life examples are used throughout to explain important points.
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How to Save Inheritance Tax 2016/17
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Taxcafe UK Ltd 25/05/2016, 2016
ISBN 10: 1911020072
ISBN 13: 9781911020073
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