UK Inheritance Tax Advice

Overview

Making sure you adequately plan for inheritance tax could save you literally hundreds of thousands of pounds.

How to Avoid Inheritance Tax is a unique and up-to-date guide which will tell you all you need to know about sheltering your family's money from the taxman. Taking into account both simple and complex tax planning strategies, the guide is essential reading for parents, grandparents and adult children.

"Useful source of IHT information" What Investment Magazine

"Just a note to say how valuable I have found your publication 'How to Avoid Inheritance Tax'. I now feel confident enough to get cracking and organise these effective tax saving schemes. Many Thanks." Sid Burt, Newcastle upon Tyne

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 £275,000 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.