Edition 2nd
Publication 4 August 2021
Length 298pp
Suitable for Personal representatives, personal tax professionals, trustees
Price 85 (or see bundles page)
ISBN 9781912386413

Personal Representatives


The new, greatly expanded second edition of this book is now out.

A practical guide for all personal representatives and others involved with the tax issues arising during the administration of a deceased person's estate. Written mainly for the tax practitioner, an attempt has nevertheless been made to make it intelligible to the non-tax professional, including in particular personal representatives who are trying to understand some of the tax intricacies associated with estate administration. 

The author, Malcolm Finney M.Sc (Bus Admin), M.Sc (Org Psych), B.Sc is an independent tax consultant and author of many years' experience. Malcolm was formerly a partner and head of international tax at Grant Thornton LLP and head of tax with law firm Nabarro Nathanson.

The contents and sample text below are currently from the first edition but will be updated shortly.

- Practical approach, with many worked examples.
- Considers CGT, IHT and income tax position of PRs, from death to the end of the administration period.
- CGT, IHT and income tax position of beneficiaries (specific, general or residuary).
- Detailed examination of formalities necessary for a valid will under which PRs are appointed.
- Tax planning suggestions throughout.
- Extensive reference to legislation, case law and HMRC guidance.

Contents of this new edition include:

  • Wills
  • Domicile and residence status of PRs - overview
  • Statutory residence in year of death
  • Domicile
  • Deemed domicile - generally
  • Deemed domicile - IHT
  • Probate
  • Excepted and normal estates
  • Administration of estates
  • IHT on death
  • Income tax and CGT liabilities prior to death
  • Income tax on income arising after death
  • CGT uplift on death
  • CGT - disposals during administration period

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