Edition 1st
Publication October 2020
Length 750pp (est.)
Suitable for Tax advisers, financial advisers
Price 95.00
ISBN 9781912386345

Inheritance Tax


Inheritance Tax - Lifetime transfers and the death estate

This book will be published in the first half of October 2020 (a little later than we said, but only because it is longer than we had originally envisaged and we have not increased the price). It may now be ordered, in which case immediate payment will be taken. The book will be sent out as soon as it is available.

This book, an essential for any tax practitioner or accountant dealing with inheritance tax, is a comprehensive guide to all the issues faced in preparing lifetime transfer calculations, preparing the death estate and any related inheritance tax due, and advising clients on related inheritance tax issues. Written in clear concise language, the book is easy to understand by both seasoned practitioners and those new to the tax. The text is peppered with practical, understandable and relevant examples, and is fully cross referenced to the inheritance tax legislation, HMRC guidance and case law. 

The book is structured in the same order as a complex death estate would need to be approached; the lifetime gifting considered first, and then the death estate. In both sections, valuation issues, exemptions and reliefs and other complications are succinctly covered. Finally, some substantial case studies show the practical application of some of the more complicated issues and areas.

Megan Saksida BA, FCA, CTA, TEP is a freelance tax lecturer and examiner. Read more here.

Part 1 Gifting during life
  • Introduction to IHT
  • Exempt transfers in life
  • Excluded property
  • Relief for business property
  • Agricultural property relief
  • Fall-in-value relief
  • Nil rate bands during life
  • Interactions with CGT
  • Lifetime transfers
Part 2 Gifting at death
  • The residence nil rate band
  • Lifetime transfers at death
  • Business and agricultural relief at death
  • Valuation of assets in the death estate
  • Post mortem reliefs
  • Quick succession relief
  • Other exemptions and reliefs
  • Gifts to charity
  • Calculation of the death estate
  • Gifts with reservation
  • Pre-owned assets tax
  • Domicile and deemed domicile
  • Instruments of variation and disclaimers
  • Close companies
  • Spreading provisions
  • Woodlands
  • Grossing and double grossing
  • Heritage property
  • IHT avoidance (DOTAS, follower notices, APN)
Part 3 Compliance and administration
  • Administration of IHT
  • Payment of IHT

Inheritance Tax - Lifetime Transfers and the Death Estate