How to Avoid Inheritance Tax (Paperback)

This comprehensive and easy to read guide tells you everything you need to know about protecting your assets from the taxman.It contains the very latest inheritance tax planning information, including all the changes announced in the latest tax budget report.

The guide is extremely comprehensive and contains numerous examples and clearly written explanations. It's the most up-to-date book on inheritance tax in the UK. Subjects covered include:

* All changes announced in this years budget
* Plain-English guide to calculating inheritance tax and how the tax works.
* Tax planning timetable: Steps to take at key points in your life to make long-term tax savings.
* Detailed list of completely tax-free amounts - these can save you literally thousands every year.
* Detailed analysis of how the new IHT rules affect married couples, including when to pass wealth to your children tax efficiently and when to hang on to your wealth.
* When and how to undo obsolete tax planning put in place previously.
* How trusts can be used to slash your inheritance tax bill - with real-life examples.
* How to use Business Property Relief to pass unlimited assets to your family.
* Why this may be a really good time to pass on the family business and other business assets.
* How to get a double deduction for qualifying business property.
* How to make Lifetime Transfers in the most tax efficient way.
* Everything you need to know about Potentially Exempt Transfers, tax free after 7 years.
* Using family weddings to pass assets to children, future grandchildren and other family.
* Tax planning techniques for common law partners.
* Important steps to take to avoid capital gains tax when transferring assets to your family.
* How to plan for inheritance tax without causing financial hardship to yourself or your spouse.
* How hundreds of thousands of people in the UK with foreign domicile can protect their foreign assets from inheritance tax.
* How a couple, in the space of 48 hours, managed to give their children £20,000 tax free.
* Why it's not too late even after death: The fabulous technique which enables families to save hundreds of thousands of pounds by making retrospective changes to their dear departed's Will.
* What inheritance tax planning steps you should take when you lose a parent or spouse.
* How to keep control over your income when you give away capital.
* The fabulous AIM exemption: how to protect your wealth from inheritance tax after just two years.
* How you can knock up to 15% off your inheritance tax bill by simply changing the legal title you hold in your house.
* How to avoid IHT on valuable antiques, paintings, etc.
* How to avoid UK inheritance tax if you emigrate.
* How some people could avoid IHT simply by moving around the UK.
* Popular inheritance tax planning products explained.
* Practical answers to the problems of long-term residential care.
* How to retire to the country and save inheritance tax at the same time.
* How to benefit minor children and children who aren't even born yet.
* Plus lots and lots more tax tips, examples and explanations.
* Dozens of clear real-life examples are used throughout to explain important points.