FREE DOWNLOAD - Inheritance Tax Planning Handbook 2022/2023: Strategies & Tactics To Save Inheritance Tax
December 2022 Edition - Updated For The Latest 2022 Tax Changes
Inheritance tax is a particularly nasty tax as it's a tax on your capital that you've accumulated from your after tax earnings.
It currently applies at 40% on the value of your estate above the nil rate band (currently £325,000). It's not just the assets held at the date of your death, but also assets gifted away (in some cases) up to 14 years before.
In this book we look at some of the top ways you can legally reduce your inheritance tax liability.
There are a number of options and opportunities -- from simply giving away assets to setting up a trust or emigrating from the UK completely.
Topics covered include:
- How to reduce Inheritance tax on gifts
- Non dom inheritance tax changes
- Tax planning for a gift & leaseback arrangement for the family home
- How the exemption for normal transfers of income applies
- When the 7 year period becomes a 14 year period
- What to do and when to avoid Inheritance tax
- Reducing IHT with the 36% rate of Inheritance tax
- How to maximise tax reliefs for charitable giving
- Inheritance tax planning for joint bank accounts
- Reducing Inheritance tax on insurance policies
- Putting life insurance into a flexible gift trust or bare trust to reduce Inheritance tax
- Using side letters for IHT purposes
- Inheritance tax planning for the family home
- Reducing tax on a property investment portfolio by using mortgages
- Debts on death and IHT Planning
- When is it worth forming a lifetime trust for UK tax planning and how to determine which type of trust to use
- Planning for joint accounts and inheritance tax/succession planning
- How to use a nil rate band "Settlor Interested Trust" tax efficiently
- How to save substantial amounts of inheritance Tax on your investment properties
- Maximising tax Inheritance tax relief on your family company
- AIM shares & IHT relief
- Qualifying for Inheritance Tax relief on companies with large cash balances
- How the transferable nil rate band applies
- Using a Parallel Company to reduce Inheritance tax
- Reducing Inheritance tax with a double tax treaty
- A review of the UK-US Inheritance tax/Estate tax treaty
- UK inheritance tax and gifting cash abroad
- Emigrating from the UK to save Inheritance Tax
- Using a discretionary trust and deed of variation in 2022/2023
- The non dom election and the 65% tax rate
What does the book cost?
This book is free for all Gold and Practitioner members.
How To Download The Guide
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