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What Information is Contained in the Guide?
Written in a clear comprehensive style, supported by many examples, the guide takes an in-depth look at the following subjects:
- No-nonsense guide to making sense of your inheritance tax liability.
- Helpful tables to work out which sums are tax free and which are taxable.
- How to further boost your savings using the nil rate band.
- The new 'pre-owned assets' regime explained in full.
- Any traps and dangers to look out for when transferring assets to a spouse.
- How to pass unlimited funds to family members tax free using the little known 'regular payment' technique.
- How to protect the family home with our top-ten inheritance tax planning solutions.
- How to use discretionary trusts and reversionary interest trusts to pay less tax, while retaining a regular income.
- Inheritance tax avoidance techniques that may be frowned upon by the Inland Revenue.
- Benefits and drawbacks of using life assurance and insurance for tax purposes.
- What documentary evidence you need to keep.
- How to pass a family business on to your heir(s) without paying inheritance tax.
- How to make tax efficient Lifetime Transfers.
- Potentially Exempt Transfers explained in detail.
- The tax dangers of volatile assets such as shares.
- Using 'gifts' as a tax avoidance technique.
- How to save £20,000 in tax in a short period with your Annual Exemption.
- Tax planning for unmarried couples and common law partners.
- How to save £102,000 by NOT passing assets to your spouse.
- How expats and non-domiciles can escape UK inheritance tax.
- How to make sure friends and family pay equal and fair tax bills on passed assets.
- Traps and pitfalls to watch out for with capital gains tax.
- Case story: How a couple managed to pass £20,000 to their sons, completely tax free, in the space of just 48 hours.
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