Ray's Practical Inheritance Tax Planning
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Ray's Practical Inheritance Tax Planning

Ray's Practical Inheritance Tax Planning


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About the Book

Table of Contents:
"Preface vAbbreviations xTable of statutes xiTable of cases xix1 Introduction and Outline1.0 Introduction 11.1 Basis of IHT and property chargeable 21.2 Calculation of IHT; scale, rates and taper relief; the cumulative principle; the grossing up concept 61.3 Main anti-avoidance provisions 131.4 Exemptions and reliefs and excluded property 241.5 Payment by instalments (ss 227, 228) 331.6 Main valuation rules 351.7 Key administration aspects 421.8 Practical approach and future of the tax 481.9 Tax Practitioners and Advisers 512 Wills2.0 Introduction 542.1 Making the correct type of will 572.2 The appropriate will to the relevant IHT circumstances 602.3 Incidence of IHT and treatment of specific gifts including legacies (s 38) 642.4 Will drafting: legacies and bequests (ss 36--42) 662.5 Ancillary aspects of wills 702.6 Variations and disclaimers -- post-death planning (s 142) 832.7 General summary 903 Husband and Wife3.0 Introduction 913.1 The IHT exemption: general aspects 913.2 Comparative estates of husband and wife and use of nil rate band 953.3 Channelling of gifts and associated operations 973.4 Matrimonial home and joint ownership 993.5 Joint bank accounts 1114 Practical Aspects and Choice of Settlements4.0 Introduction 1134.1 Definition of settlements and related expressions (s 43); creation; IHT liability (s 201) 1134.2 Main types of settlement 1154.3 The discretionary trust regime and ancillary provisions (ss 58--85) 1204.4 Choosing the correct harmless settlement -- accumulation and maintenance (s 71) 1324.5 Choosing the correct harmless settlement -- interests in possession (ss 48--53) 1424.6 Choosing the correct harmless settlement -- discretionary 1484.7 Choosing the correct harmless settlement -- other varieties 1564.8 Trust pitfalls 1674.9 Trust busting and variation: 1 by consent 1714.10 Trust busting and variation: 2 by the court 1735 Transfer and Reorganisation of Business Interests -- Companies5.0 Introduction 1795.1 IHT planning for directors and shareholders 1795.2 The recipients of re-allocated shares 1885.3 Protection for the individual divesting shareholder 1926 Transfer and Reorganisation of Business Interests -- Partnerships andOther Firms6.0 Introduction 1986.1 General principles relating to IHT 1986.2 IHT planning for partnerships and businesses 2026.3 Protection of an outgoing partner 2076.4 Partnership of 'relatives' 2147 Gifts: The Art of Giving, including Use of Exemptions7.0 Introduction 2157.1 Planning the correct type of gift 2167.2 Gifts with reservation of benefit -- the rules and some pointers (FA 1986, s 102 and Sch 20) 2267.3 Gifts of an interest in land 2317.4 Other planning aspects of gifts 2387.5 The donee paying IHT rather than the donor 2407.6 Gifts versus sales 2427.7 Gifts versus loans 2437.8 Gifts in value not exceeding GBP3,000 per annum (ss 19 and 57) 2457.9 GBP250 per annum gifts to any number of separate donees (s 20) 2477.10 Normal expenditure out of income (s 21) 2487.11 Gifts in consideration of


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Product Details
  • ISBN-13: 9780406942845
  • Publisher: Lexisnexis UK
  • Publisher Imprint: Tolley
  • Edition: Revised edition
  • ISBN-10: 0406942846
  • Publisher Date: 19 Oct 2001
  • Binding: Paperback


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