Inheritance Tax Planning Handbook 2017: Strategies & Tactics To Save Inheritance Tax - Softcover

Hadnum, Mr Lee J

Softcover

ISBN 10: 1976452015 ISBN 13: 9781976452017

Publisher: CreateSpace Independent Publishing Platform, 2017

Synopsis

September 2017 Edition.

Inheritance tax is a particularly nasty tax as it's a tax on your capital that you've accumulated from your after tax earnings.

It applies at 40% on the value of your estate above the nil rate band (currently £325,000). It's not just the assets held at the date of your death that are included, but also assets gifted away (in some cases) up to 14 years before.

In this book we look at some of the top ways you can legally reduce your inheritance tax liability.

There are a number of options and opportunities - from simply giving away assets to setting up a trust or emigrating from the UK completely.

Topics covered include:

How to reduce Inheritance tax on gifts

Non dom inheritance tax changes from 2017

How the exemption for normal transfers of income applies

When the 7 year period becomes a 14 year period

What to do and when to avoid Inheritance tax

Reducing IHT with the new 36% rate of Inheritance tax

How to maximise tax reliefs for charitable giving

Inheritance tax planning for joint bank accounts

Reducing Inheritance tax on insurance policies

Putting life insurance into a flexible gift trust or bare trust to reduce Inheritance tax

Using side letters for IHT purposes

Inheritance tax planning for the family home

Reducing tax on a property investment portfolio by using mortgages

Debts on death and IHT Planning

When is it worth forming a lifetime trust for UK tax planning and how to determine which type of trust to use

Planning for joint accounts and inheritance tax/succession planning

How to use a nil rate band "Settlor Interested Trust" tax efficiently

How to save substantial amounts of inheritance Tax on your investment properties

Maximising tax Inheritance tax relief on your family company

AIM shares & IHT relief

Qualifying for Inheritance Tax relief on companies with large cash balances

How the transferable nil rate band applies

Using a Parallel Company to reduce Inheritance tax

Reducing Inheritance tax with a double tax treaty

A review of the UK-US Inheritance tax/Estate tax treaty

UK inheritance tax and gifting cash abroad

Emigrating from the UK to avoid Inheritance Tax

When the 7 year inheritance tax survivorship period can be avoided

How shareholders can use cross options to retain entitlement to Business Property Relief

All about the new Residence Nil Rate Band (RNRB) and how to maximise relief

Releasing cash as debt for IHT purposes

Losing UK domicile status

Using a Discretionary trust or Life interest trust for IHT planning?

Self-settlement of the nil-rate band for UK IHT purposes

Edition details

• Publisher: CreateSpace Independent Publishing Platform
• Publication date: 2017
• Language: English
• ISBN 10: 1976452015
• ISBN 13: 9781976452017
• Binding: Paperback
• Edition number: 3
• Number of pages: 132