September 2015 Edition. Fully updated for the March 2015 Budget and the July 2015 Summer Budget.
Inheritance tax is a particularly nasty tax as it's a tax on your capital that you've accumulated from your after tax earnings.
It applies at 40% on the value of your estate above the nil rate band (currently £325,000). It's not just the assets held at the date of your death that are included, but also assets gifted away (in some cases) up to 14 years before.
In this book we look at some of the top ways you can legally reduce your inheritance tax liability.
There are a number of options and opportunities - from simply giving away assets to setting up a trust or emigrating from the UK completely.
Topics covered include:
How to reduce Inheritance tax on gifts
How the exemption for normal transfers of income applies
How the new £1Million allowance applies for your home
When the 7 year period becomes a 14 year period
What to do and when to avoid Inheritance tax
Reducing IHT with the new 36% rate of Inheritance tax
How to maximise tax reliefs for charitable giving
Inheritance tax planning for joint bank accounts
New rules for non doms from the 2015 Summer Budget
Reducing Inheritance tax on insurance policies
Putting life insurance into a flexible gift trust or bare trust to reduce Inheritance tax
Using side letters for IHT purposes
Inheritance tax planning for the family home
Reducing tax on a property investment portfolio by using mortgages
How to save substantial amounts of inheritance Tax on your investment properties
Maximising tax Inheritance tax relief on your family company
AIM shares & IHT relief
Qualifying for Inheritance Tax relief on companies with large cash balances
How the transferable nil rate band applies
Using a Parallel Company to reduce Inheritance tax
Reducing Inheritance tax with a double tax treaty
A review of the UK-US Inheritance tax/Estate tax treaty
UK inheritance tax and gifting cash abroad
Emigrating from the UK to avoid Inheritance Tax
Inheritance tax is a particularly nasty tax as it's a tax on your capital that you've accumulated from your after tax earnings.
It applies at 40% on the value of your estate above the nil rate band (currently £325,000). It's not just the assets held at the date of your death that are included, but also assets gifted away (in some cases) up to 14 years before.
In this book we look at some of the top ways you can legally reduce your inheritance tax liability.
There are a number of options and opportunities - from simply giving away assets to setting up a trust or emigrating from the UK completely.
Topics covered include:
