Family Tax Planning Handbook 2014: Strategies & Tactics To Reduce Tax
Printed Book
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NOTE: Free Download For Site Members
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In many ways one of the simplest ways to reduce tax is to hold assets and split income with your spouse and children/grandchildren.
However, whilst there are numerous tax benefits available there are also some nasty traps for the poorly advised.
In this book we look at exactly when and how you can shelter assets from income tax, capital gains tax and inheritance tax including planning with other family members.
Topics covered include:
When and how to transfer investment income to your spouse to reduce taxWhen and how to transfer investment income to children to reduce taxHow your spouse can help reduce CGTHow your children can help reduce your CGT liability Employing a spouse in your companyTax planning when your children turn 18Income and property tax planning when your children live with youBuying property tax efficiently whilst your children are studyingInvesting tax efficiently for your childrenHelping your children to buy their first property tax efficientlyTransferring shares to the next generation and avoiding capital gains tax and inheritance taxTax implications of letting family live in your propertyInheritance tax planning for the family homeUsing a property trust to protect wealth and minimise taxesOffshore trusts for grandchildren to avoid UK income tax and CGTHow to claim PPR relief on property occupied by a relativeWhat you need to know about the IHT rules governing deductions of debts and liabilities from friends and familyAvoiding the 28% rate of CGT with joint ownershipReducing CGT when transferring property to children (including an example of how to save £24,640 in CGT)Can Non Doms still remit cash tax free by making gifts to family?Transferring assets to a child to avoid the £30,000/£50,000 tax chargeAbout the Author
The Author of "Family Tax Planning Handbook" is our site Editor, Lee Hadnum. Lee is a rarity among tax advisers having both legal and chartered accountant qualifications. After qualifying a prize winner in the Institute of Chartered Accountants exams, he also went on to become a chartered tax adviser (CTA). You can ask Lee online tax questions via our Fast Tax Advice service.
What do I receive?
You receive:
A professionally printed copy of this tax book, and
A free version of the book in pdf format so you can immediately begin identifying tax saving opportunities.
