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Edition 1st
Publication September 2020
Length 520pp (est.)
Suitable for Tax advisers, financial advisers
Price 95.00
ISBN 9781912386345

Inheritance Tax


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Inheritance Tax - Lifetime transfers and the death estate

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
  • Business relief
  • Agricultural relief
  • Fall-in-value relief
  • Nil rate bands during life
  • Interaction with CGT
  • Lifetime transfers
Part 2 Gifting at death
  • Nil rate bands, including residence nil rate band
  • Failed PETs, and additional charges on chargeable lifetime transfers
  • Business and agricultural relief at death
  • Valuation of assets at death
  • Valuation and treatment of debts at death
  • Post mortem reliefs
  • Quick succession relief
  • Other reliefs
  • Gifts to charity
  • Calculation of the death estate
Part 3 Complications
  • Gifts with reservation
  • Pre-owned assets tax
  • Domicile and deemed domicile
  • Residential property
  • Deeds of variation
  • Heritage property
  • Close companies
  • Woodlands
  • Grossing and double grossing
  • Spreading provisions
  • Anti-avoidance (DOTAS, follower notices, APN)
Part 4 Compliance and administration
  • Administration of IHT
  • The instalment option 

Inheritance Tax - Lifetime Transfers and the Death Estate