Author Description

This essential guide to UK inheritance tax provides a clearly structured analysis of the major inheritance tax provisions together with relevant tips, pitfalls, and planning techniques needed to apply them successfully. Core Tax Annual: Inheritance Tax 2015/16 will guide the reader step-by-step through the complexities of this increasingly difficult subject. It starts with the UK's basic rules and principles before looking at topics in more depth, including lifetime transfers, gifts with reservation of benefit, settled property, and the various exemptions and reliefs, including business and agricultural property relief. Whatever the reader's level of expertise and experience, this book will be a valuable asset. Bloomsbury Professional's Core Tax Annuals include 'signposts' at the beginning of each chapter containing a summary of the main points and cross-references to relevant sections of the chapter. These, along with the 'focus' sections highlighting the key points in each chapter and examples which are presented in shaded panels for easier reference, makes Core Tax Annual: Inheritance Tax 2015/16 a convenient and accessible resource. As usual, this edition is packed full of practical features, including worked examples, UK precedents, and common-sense know-how. Tax advisers using this book will find it a helpful asset, no matter how complicated the inheritance tax scenario encountered. Contents include: IHT on death * gifts with reservation of benefit * interest in possession trusts * exemptions and excluded property * BPR and APR * wills and estate planning * the family home * lifetime transfers * valuation of assets * compliance * relevant property trusts * reliefs - general * lifetime planning * transferable nil rate band * pre-owned assets.