How to Save Inheritance Tax

Carl Bayley

How to Save Inheritance Tax
Format
Paperback
Publisher
Taxcafe UK Limited
Country
United Kingdom
Published
9 July 2024
Pages
302
ISBN
9781911020967

How to Save Inheritance Tax

Carl Bayley

Proper inheritance tax planning could save your family hundreds of thousands of pounds. This comprehensive book tells you everything you need to know about protecting your family from the grave robbers' 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.

The latest edition is completely up to date with all the latest tax changes, including the impact of Labour policy announcements and manifesto pledges on inheritance tax planning strategies.

The author, Carl Bayley, is a former chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales.

Topics covered in the guide include:

A plain-English guide to calculating inheritance tax and how the tax works. Tax planning timetable: Steps to take at key points in your life. More than a dozen tax planning techniques for protecting the family home. Fully updated guidance and examples showing the impact of the 19 year freeze in the GBP325,000 nil rate band - made worse by today's high inflation. A special chapter on inheritance tax planning with pensions. Pensions can be used to pass wealth tax free down the generations - the guide shows you how to make the most of the extraordinary tax savings on offer. Absolutely everything you need to know about using trusts to save inheritance tax. 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. A whole chapter on the tax-saving potential of family investment companies. Details of UK investments that may escape inheritance tax. A whole chapter on advanced inheritance tax planning techniques. Lots of information throughout for landlords and property investors. Plus lots more...

Dozens of clear real-life examples are used throughout to explain important points.

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