How to Avoid Inheritance Tax

Topics covered in the guide include: The very latest changes announced in the most recent Budget; How to calculate inheritance tax; More than a dozen inheritance tax planning techniques for protecting the family home; How trusts can be used ...

How to Avoid Inheritance Tax

Author: Carl Bayley

Publisher:

ISBN: 9781907302589

Page: 314

View: 695

Proper inheritance tax planning could save your family hundreds of thousands of pounds in tax. This comprehensive and completely up-to-date book tells you everything you need to know about inheritance tax and how to avoid it. It takes a detailed look at both simple and sophisticated tax planning strategies and will help you decide what action you and your family should take now. Inheritance tax planning has become more important than ever, following the Government's decision to freeze the 325,000 lifetime exemption, which means inflation will steadily erode its value every year. Topics covered in the guide include: The very latest changes announced in the most recent Budget; How to calculate inheritance tax; More than a dozen inheritance tax planning techniques for protecting the family home; 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; How to gift assets during your lifetime without causing financial hardship to you and your spouse... plus lots more! Dozens of clear real-life examples are used throughout to explain important points.

Financial Times Guide to Inheritance Tax Probate and Estate Planning

The Financial Times Guide to Inheritance Tax, Probate and Estate Planning covers: Registering a death The duties of the executors and administrators Consideration of the validity of a will Intestacy and partial intestacy Obtaining details ...

Financial Times Guide to Inheritance Tax   Probate and Estate Planning

Author: Amanda Fisher

Publisher: Pearson UK

ISBN: 0273748831

Page: 352

View: 872

Nearly 9.5 million households in Britain will have to pay inheritance tax. What’s the best way to avoid it? If you’re administering an estate because someone has died, how do you obtain probate? Is it ever possible to retrospectively minimize an estate’s tax liabilities? The Financial Times Guide to Inheritance Tax, Probate and Estate Planning will help you navigate the complicated maze of inheritance tax, probate, and estate planning. Amanda Fisher tells you what to do when someone dies, helps you deal with administrative affairs and distribute the estate to beneficiaries, offers long-term strategies on how to protect your estate and minimize any potential inheritance tax liability, including the use of trusts. The Financial Times Guide to Inheritance Tax, Probate and Estate Planning: · Explains what to do when someone has died including how to register the death · Advises on the duties of executors and administrators and how to consider the validity of a will · Helps you apply for the grant of probate or letters of administration · Guides you through the completion of inheritance tax returns and how to calculate and pay any tax due · Provides advice on lifetime planning and illustrates ways to minimize potential inheritance tax liabilities The Financial Times Guide to Inheritance Tax, Probate and Estate Planning will help you face the difficult task of dealing with an estate when someone has died. You’ll learn the best way to manage the process of acquiring probate and complete the administration of the estate, before distributing to the beneficiaries. You will also have an insight to the advantages of make a will and organizing your estate efficiently to minimize any future impact of inheritance tax, including the use of trusts. The Financial Times Guide to Inheritance Tax, Probate and Estate Planning covers: Registering a death The duties of the executors and administrators Consideration of the validity of a will Intestacy and partial intestacy Obtaining details of assets and liabilities Applying for the grant of probate and the letters of administration How income and gains are treated before and after the date of death Valuing property for inheritance tax Calculating the inheritance tax liability and completing the inheritance tax return forms Consideration of tax planning and deeds of variation Paying the inheritance tax Distributing the estate to the beneficiaries Lifetime planning to reduce an inheritance tax liability The benefits of making a Will Trusts Glossary of key terms

Tax Planning for the Family Home

This guide is essential reading for anyone interested in retaining wealth from the family home and/or passing the family home onto your family tax efficiently. What is covered in this tax guide?

Tax Planning for the Family Home

Author: Lee Hadnum

Publisher: CreateSpace

ISBN: 9781496113238

Page: 114

View: 161

For many people the family home is the most valuable asset they have. As such protecting its value will be key importance. In this tax guide we look at the key tax planning opportunities for the family home and private residences. We cover all planning for income tax, capital gains tax and inheritance tax. This guide is essential reading for anyone interested in retaining wealth from the family home and/or passing the family home onto your family tax efficiently. What is covered in this tax guide? Selling your main residence - how capital gains tax applies Establishing a property as a main residence in 2014 How PPR relief and lettings relief works 2014 changes to Principal Private Residence relief PPR relief where you have two or more homes Offsetting losses on a main residence and maximising tax relief Points to watch out for when selling a former main residence after you've left the UK How to avoid taxes if you're selling part of your garden Claiming Principal Private Residence relief if you convert a house into flats Tax implications of letting family live in your property Avoiding Tax On The Transfer Of Property To Children How to claim PPR relief on property occupied by a relative Buying property tax efficiently whilst your children are studying Helping your children to buy their first property tax efficiently Income and property tax planning when your children live with you Case study: Avoiding inheritance tax and capital gains tax on property Transferring property to a spouse Which is the best way for non doms to hold UK property? Advanced tax planning for non doms using offshore trusts to purchase UK property CGT on divorce and how to structure new property with a new partner Beneficial ownership, receiving a share of the proceeds and reducing capital gains tax Reducing CGT when transferring property to children (including an example of how to save £23,520 in CGT) Should you sell or let your former home? Should you reoccupy a property prior to selling it? When a property can be your main residence without you occupying it

How to Avoid the Inheritance Tax Trap

Step-by-step guide shows how to work out if you are liable for IHT and which tax breaks are right for you and your family. This book explains recent changes to the law, hidden tax traps and loopholes.

How to Avoid the Inheritance Tax Trap

Author: Maria Crawford Scott

Publisher: Robinson Publishing

ISBN: 9781845290023

Page: 172

View: 361

This title provides important advice for the 4 out of 10 families facing IHT. A growing number of ordinary families every year are finding themselves at risk of death duties. As house prices continue to rise so do the number of estates liable for inheritance tax - by 2020 it could be as many as 4.6 million properties. But don't just put it out of mind, or sit and worry about it - there is a lot you can do to avoid paying this tax, so much in fact that it is often referred to as the 'voluntary' tax. Why be caught in the trap?Lifetime money editor Maria Scott gives a complete, updated-for-2007 guide on how ordinary homeowners, savers and investors can deal with inheritance tax. Step-by-step guide shows how to work out if you are liable for IHT and which tax breaks are right for you and your family. This book explains recent changes to the law, hidden tax traps and loopholes. It shows how civil partnerships for same-sex couples allow assets to be passed on free of IHT. It includes latest details of the 2007 budget.

How to Save Inheritance Tax

Topics covered in the guide include: The very latest changes announced in the most recent Budget; How to calculate inheritance tax; More than a dozen inheritance tax planning techniques for protecting the family home; How trusts can be used ...

How to Save Inheritance Tax

Author: Carl Bayley

Publisher:

ISBN: 9781907302800

Page: 304

View: 330

Proper inheritance tax planning could save your family hundreds of thousands of pounds in tax. This comprehensive and completely up-to-date book tells you everything you need to know about inheritance tax and how to avoid it. It takes a detailed look at both simple and sophisticated tax planning strategies and will help you decide what action you and your family should take now. Inheritance tax planning has become more important than ever, following the Government's decision to freeze the 325,000 lifetime exemption, which means inflation will steadily erode its value every year. Topics covered in the guide include: The very latest changes announced in the most recent Budget; How to calculate inheritance tax; More than a dozen inheritance tax planning techniques for protecting the family home; 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; How to gift assets during your lifetime without causing financial hardship to you and your spouse... plus lots more! Dozens of clear real-life examples are used throughout to explain important points.

Inheritance Tax Planning Handbook 2016

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.

Inheritance Tax Planning Handbook 2016

Author: Lee J. Hadnum

Publisher: CreateSpace

ISBN: 9781517264451

Page: 146

View: 916

September 2015 Edition. Fully updated for the March 2015 Budget and the July 2015 Summer Budget. 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 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 that are included, 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 How the exemption for normal transfers of income applies How the new £1Million allowance applies for your home When the 7 year period becomes a 14 year period What to do and when to avoid Inheritance tax Reducing IHT with the new 36% rate of Inheritance tax How to maximise tax reliefs for charitable giving Inheritance tax planning for joint bank accounts New rules for non doms from the 2015 Summer Budget 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 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 avoid Inheritance Tax

The Financial Times Guide to Inheritance Tax Probate and Estate Planning

The Financial Times Guide to Inheritance Tax, Probate and Estate Planning covers: Registering a death The duties of the executors and administrators Consideration of the validity of a will Intestacy and partial intestacy Obtaining details ...

The Financial Times Guide to Inheritance Tax  Probate and Estate Planning

Author: Amanda Fisher

Publisher:

ISBN: 9780273729976

Page:

View: 533

Nearly 9.5 million households in Britain will have to pay inheritance tax. What’s the best way to avoid it? If you’re administering an estate because someone has died, how do you obtain probate? Is it ever possible to retrospectively minimize an estate’s tax liabilities? The Financial Times Guide to Inheritance Tax, Probate and Estate Planning will help you navigate the complicated maze of inheritance tax, probate, and estate planning. Amanda Fisher tells you what to do when someone dies, helps you deal with administrative affairs and distribute the estate to beneficiaries, offers long-term s.

Non Resident Offshore Tax Planning

This 325 page tax book is essential reading for: Anyone considering moving abroad to avoid income tax or CGT Anyone planning to work overseas Anyone returning to the UK after a period of non-residence Non UK domiciliaires planning to live ...

Non Resident   Offshore Tax Planning

Author: Mr Lee Hadnum

Publisher: Createspace Independent Publishing Platform

ISBN: 9781548914769

Page: 328

View: 529

New September 2017 Edition fully updated for the latest 2017/2018 changes Leaving the UK and becoming non UK resident offers many tax planning benefits. It isn't just non residence that offers tax planning opportunities. Non UK domiciliaries can also structure their affairs to avoid income tax and capital gains tax as well as inheritance tax. This 325 page tax book is essential reading for: Anyone considering moving abroad to avoid income tax or CGT Anyone planning to work overseas Anyone returning to the UK after a period of non-residence Non UK domiciliaires planning to live in the UK tax efficiently What Information is Contained in the Guide? Non-Resident & Offshore Tax Planning is jam-packed full of clear examples and unique tax planning advice. Subjects covered include: Full and comprehensive explanation of terms "Domicile" and "Non Resident". How becoming non-resident could save you a fortune in tax. Fully updated for new residence rules. Latest tax changes from April 2017. The new 15 year (or in practice 13 year) rule for non-doms from April 2017. All about the new Principal Private Residence (PPR) relief rules from April 2015. How to purchase UK property tax efficiently. How the statutory residence test applies. Changes to the tax treatment of UK dividends from April 2016. Detailed analysis of relevant cases on non residence. Exactly how to make a distinct break with UK to avoid UK residence. How to take advantage of loopholes in the Statutory Residence provisions. How HMRC keeps a track on UK visits with new technology. Whether you should or shouldn't be claiming the personal allowance after you leave the UK. How to make capital & income distributions from offshore trusts tax efficiently. Exactly how to establish company residence overseas. Detailed explanations of how to avoid UK tax on your income from rents, dividends, pensions and employment. How you could completely escape capital gains tax both in the UK and abroad. Pitfalls to negotiate when avoiding UK capital gains tax. Tax implications of selling your UK home after you leave the UK. How to lose a UK domicile and how to retain an overseas domicile. How to avoid inheritance tax by losing your UK domicile. How to use your spouse to slash your tax bill. How the changes to the remittance basis will affect non UK domiciliaries AND the opportunities you still have to reduce UK taxes. How the �30,000 and �60,000 amd �90,000 annual tax charge for non UK domiciliaries works. How to remit income and capital gains free of UK tax. How the new CGT regime for non-residents applies from April 2015 applies What you need to know about the new Business Investment Exemption How foreign nationals can escape UK taxes altogether. Dedicated areas of advice for investors in overseas property. Changes to the treatment of loans for non-doms. How Double Tax Relief works and how to make the most of it. How to avoid tax everywhere by becoming a "Tax Nomad". Detailed analysis of the latest changes to the tax treatment of offshore companies A detailed look at when you can and can't use offshore companies and trusts to reduce UK taxes. How overseas investors should invest in UK property. How non UK domiciliaries can use excluded property trusts tax efficiently in 2017/2018 How to save tax with double tax treaties.

Inheritance Tax Planning Handbook 2014 2015

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.

Inheritance Tax Planning Handbook 2014 2015

Author: Lee Hadnum

Publisher: CreateSpace

ISBN: 9781500393724

Page: 132

View: 999

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 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 that are included, 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 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 new 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 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 avoid Inheritance Tax

Non Resident Offshore Tax Planning 2014 2015

This tax book is essential reading for: Anyone considering moving abroad to avoid income tax or CGT Anyone planning to work overseas Anyone returning to the UK after a period of non-residence Non UK domiciliaires planning to live in the UK ...

Non Resident   Offshore Tax Planning 2014 2015

Author: Lee Hadnum

Publisher: CreateSpace

ISBN: 9781497381568

Page: 308

View: 814

"An authoritative review of the topic" - The Times "A useful read" - Guardian Unlimited "A helpful guide to non-resident and offshore tax matters" - The Telegraph New March 2014 Edition - fully updated for the latest 2014/2015 changes including: The proposed changes to the CGT regime for non residents from April 2015 Latest changes to the statutory residence test for 2014 Recent decisions on residence Changes to Inheritance tax for non doms Changes announced in the March 2014 Budget Leaving the UK and becoming non UK resident offers many tax planning benefits. Non UK domiciliaries can also structure their affairs to avoid UK tax. This tax book is essential reading for: Anyone considering moving abroad to avoid income tax or CGT Anyone planning to work overseas Anyone returning to the UK after a period of non-residence Non UK domiciliaires planning to live in the UK tax efficiently What is Included in this book? Subjects covered include: Full and comprehensive explanation of how to establish non-domicile and non-residence. March 2014 Budget changes. How becoming non-resident could save you a fortune in tax. How the statutory residence test applies from April 2013. Detailed analysis of relevant cases on non residence. Exactly how to make a distinct break with UK to avoid UK residence. How to take advantage of loopholes in the Statutory Residence provisions. How HMRC keeps a track on UK visits with new technology. Whether you should or shouldn't be claiming the personal allowance after you leave the UK. How to make capital & income distributions from offshore trusts tax efficiently. Exactly how to establish company residence overseas. Detailed explanations of how to avoid UK tax on your income from rents, dividends, pensions and employment. How you could completely escape capital gains tax both in the UK and abroad. Pitfalls to negotiate when avoiding UK capital gains tax. How to protect property investments from the taxman. Tax implications of selling your UK home after you leave the UK. The latest non-dom tax changes for 2013. How to lose a UK domicile and how to retain an overseas domicile. How to avoid inheritance tax by losing your UK domicile. How to use your spouse to slash your tax bill. How the changes to the remittance basis will affect non UK domiciliaries AND the opportunities you still have to reduce UK taxes. How the £30,000 and £50,000 annual tax charge for non UK domiciliaries works. How to remit income and capital gains free of UK tax. How the new CGT regime for non-residents from April 2014 may apply. What you need to know about the new Business Investment Exemption. How foreign nationals can escape UK taxes altogether. Dedicated areas of advice for investors in overseas property. Changes to the treatment of loans for non-doms. How you could claim tax free lump sums whilst working abroad. How Double Tax Relief works and how to make the most of it. How to avoid tax everywhere by becoming a "Tax Nomad". Tax advantages and disadvantages of offshore trusts and companies. Detailed analysis of the 2013 changes to the tax treatment of offshore companies. A detailed look at when you can and can't use offshore companies and trusts to reduce UK taxes. How overseas investors should invest in UK property. How non UK domiciliaries can use excluded property trusts tax efficiently in 2014/2015. How to save tax with double tax treaties. and much more...

Inheritance Tax Planning Handbook 2017

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.

Inheritance Tax Planning Handbook 2017

Author: Lee Hadnum

Publisher: Createspace Independent Publishing Platform

ISBN: 9781976317712

Page: 132

View: 694

September 2017 Edition. Fully updated for the March 2017 Budget. 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 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 that are included, 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 How the exemption for normal transfers of income applies How the new �1Million allowance applies for your home When the 7 year period becomes a 14 year period What to do and when to avoid Inheritance tax Reducing IHT with the new 36% rate of Inheritance tax How to maximise tax reliefs for charitable giving Inheritance tax planning for joint bank accounts Non dom inheritance tax changes from 2017 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 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 avoid Inheritance Tax

Non Resident and Offshore Tax Planning How to Cut Your Tax to Zero

This 284 page tax book is essential reading for: Anyone considering moving abroad to avoid income tax or CGT Anyone planning to work overseas Anyone returning to the UK after a period of non-residence Non UK domiciliaires planning to live ...

Non Resident and Offshore Tax Planning  How to Cut Your Tax to Zero

Author: L. Hadnum

Publisher: CreateSpace

ISBN: 9781508859826

Page: 294

View: 466

New September 2015 Edition Fully Updated For The 2015 Budget & July 2015 Summer Budget Leaving the UK and becoming non UK resident offers many tax planning benefits. It isn't just non residence that offers tax planning opportunities. Non UK domiciliaries can also structure their affairs to avoid income tax and capital gains tax as well as inheritance tax. This 284 page tax book is essential reading for: Anyone considering moving abroad to avoid income tax or CGT Anyone planning to work overseas Anyone returning to the UK after a period of non-residence Non UK domiciliaires planning to live in the UK tax efficiently What Information is Contained in the Guide Non-Resident & Offshore Tax Planning is jam-packed full of clear examples and unique tax planning advice. Subjects covered include: Full and comprehensive explanation of terms "Domicile" and "Non Resident". How becoming non-resident could save you a fortune in tax. Fully updated for new residence rules. Latest tax changes from April 2015. All about the new Principal Private Residence (PPR) relief rules from April 2015. How to purchase UK property after 2015. How the statutory residence test applies from April 2013. Detailed analysis of relevant cases on non residence. Exactly how to make a distinct break with UK to avoid UK residence. How to take advantage of loopholes in the Statutory Residence provisions. How HMRC keeps a track on UK visits with new technology. Whether you should or shouldn't be claiming the personal allowance after you leave the UK. How to make capital & income distributions from offshore trusts tax effiicently. Exactly how to establish company residence overseas. Detailed explanations of how to avoid UK tax on your income from rents, dividends, pensions and employment. How you could completely escape capital gains tax both in the UK and abroad. Pitfalls to negotiate when avoiding UK capital gains tax. How to protect property investments from the taxman Tax implications of selling your UK home after you leave the UK. The latest non-dom tax changes How to lose a UK domicile and how to retain an overseas domicile. How to avoid inheritance tax by losing your UK domicile. How to use your spouse to slash your tax bill. How the changes to the remittance basis will affect non UK domiciliaries AND the opportunities you still have to reduce UK taxes. How the £30,000 and £60,000 annual tax charge for non UK domiciliaries works. How to remit income and capital gains free of UK tax. How the new CGT regime for non-residents from April 2015 will apply What you need to know about the new Business Investment Exemption How foreign nationals can escape UK taxes altogether. Dedicated areas of advice for investors in overseas property. Changes to the treatment of loans for non-doms How you could claim tax free lump sums whilst working abroad. How Double Tax Relief works and how to make the most of it. How to avoid tax everywhere by becoming a "Tax Nomad". Tax advantages and disadvantages of offshore trusts and companies. Detailed analysis of the latest changes to the tax treatment of offshore companies A detailed look at when you can and can't use offshore companies and trusts to reduce UK taxes. How overseas investors should invest in UK property. How non UK domiciliaries can use excluded property trusts tax efficiently in 2014/2015 How to save tax with double tax treaties. and much more...

Inheritance Tax Planning Handbook 2017

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.

Inheritance Tax Planning Handbook 2017

Author: Lee J. Hadnum

Publisher: Createspace Independent Publishing Platform

ISBN: 9781976452017

Page: 132

View: 633

September 2017 Edition. 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 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 that are included, 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 from 2017 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 new 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 avoid Inheritance Tax When the 7 year inheritance tax survivorship period can be avoided How shareholders can use cross options to retain entitlement to Business Property Relief All about the new Residence Nil Rate Band (RNRB) and how to maximise relief Releasing cash as debt for IHT purposes Losing UK domicile status Using a Discretionary trust or Life interest trust for IHT planning? Self-settlement of the nil-rate band for UK IHT purposes

Non resident Offshore Tax Planning 2016 2017

This 325 page tax book is essential reading for: Anyone considering moving abroad to avoid income tax or CGT Anyone planning to work overseas Anyone returning to the UK after a period of non-residence Non UK domiciliaires planning to live ...

Non resident   Offshore Tax Planning 2016 2017

Author: Lee Hadnum

Publisher: Createspace Independent Publishing Platform

ISBN: 9781532831546

Page: 308

View: 751

New April 2016 Edition fully updated for the latest 2016/2017 changes Leaving the UK and becoming non UK resident offers many tax planning benefits. It isn't just non residence that offers tax planning opportunities. Non UK domiciliaries can also structure their affairs to avoid income tax and capital gains tax as well as inheritance tax. This 325 page tax book is essential reading for: Anyone considering moving abroad to avoid income tax or CGT Anyone planning to work overseas Anyone returning to the UK after a period of non-residence Non UK domiciliaires planning to live in the UK tax efficiently What Information is Contained in the Guide Non-Resident & Offshore Tax Planning is jam-packed full of clear examples and unique tax planning advice. Subjects covered include: Full and comprehensive explanation of terms "Domicile" and "Non Resident". How becoming non-resident could save you a fortune in tax. Fully updated for new residence rules. Latest tax changes from April 2015. The new 15 year (or in practice 13 year) rule for non-doms from April 2017. All about the new Principal Private Residence (PPR) relief rules from April 2015. How to purchase UK property after 2015. How the statutory residence test applies from April 2013. Changes to the tax treatment of UK dividends from April 2016. Detailed analysis of relevant cases on non residence. Exactly how to make a distinct break with UK to avoid UK residence. How to take advantage of loopholes in the Statutory Residence provisions. How HMRC keeps a track on UK visits with new technology. Whether you should or shouldn't be claiming the personal allowance after you leave the UK. How to make capital & income distributions from offshore trusts tax efficiently. Exactly how to establish company residence overseas. Detailed explanations of how to avoid UK tax on your income from rents, dividends, pensions and employment. How you could completely escape capital gains tax both in the UK and abroad. Pitfalls to negotiate when avoiding UK capital gains tax. Tax implications of selling your UK home after you leave the UK. How to lose a UK domicile and how to retain an overseas domicile. How to avoid inheritance tax by losing your UK domicile. How to use your spouse to slash your tax bill. How the changes to the remittance basis will affect non UK domiciliaries AND the opportunities you still have to reduce UK taxes. How the £30,000 and £60,000 annual tax charge for non UK domiciliaries works. How to remit income and capital gains free of UK tax. How the new CGT regime for non-residents from April 2015 will apply What you need to know about the new Business Investment Exemption How foreign nationals can escape UK taxes altogether. Dedicated areas of advice for investors in overseas property. Changes to the treatment of loans for non-doms How Double Tax Relief works and how to make the most of it. How to avoid tax everywhere by becoming a "Tax Nomad". Detailed analysis of the latest changes to the tax treatment of offshore companies A detailed look at when you can and can't use offshore companies and trusts to reduce UK taxes. How overseas investors should invest in UK property. How non UK domiciliaries can use excluded property trusts tax efficiently in 2014/2015 How to save tax with double tax treaties. and much more...

Non Resident and Offshore Tax Planning

In many respects this is the ultimate form of tax avoidance.

Non Resident and Offshore Tax Planning

Author: Lee Hadnum

Publisher: Tax Planning Books

ISBN: 9781904608202

Page: 122

View: 806

In many respects this is the ultimate form of tax avoidance. By becoming non resident or moving your assets offshore it is possible to cut your tax bill to zero. However, there are also many traps to avoid and pitfalls to negotiate. This tax guide is designed to help the following groups of people: Anyone wanting to become Non Resident to avoid UK income tax and capital gains tax. Those living abroad or planning to live abroad for much of the year. Anyone currently working abroad or planning to work abroad. Anyone interested in using offshore trusts and companies to minimise their taxes. Foreign Nationals living in the UK wanting to make the most of their special tax status. Non Resident & Offshore Tax Planning is written in plain English and is crammed full of examples and tax planning advice. Subjects covered include: Clear but detailed explanation of Non Residence and Domicile. How to become non resident and how this will affect your tax bill. How to avoid UK income tax on your rents, interest, dividends, pension and employment income. How to totally avoid paying capital gains tax in the UK and abroad. Traps to avoid to prevent gains being subject to UK capital gains tax.How to lose your UK domicile and avoid inheritance tax. How foreign nationals (non domiciles) can use their special status to avoid UK taxes. Detailed advice for overseas property investors How to receive tax free lump sums when you work abroad. Protecting your property investments from the UK taxman when you live or work abroad. Making the most of Double Tax Relief. How to become a Tax Nomad and avoid tax wherever you go. Tax benefits and dangers of Offshore Trusts. Pros and cons of Offshore Companies. How double tax treaties can be used to save tax. Examples are used throughout to explain important points.

Tax Planning for Dividends

In this guide we look at precisely how UK and foreign dividends are taxed before covering some of the key tax planning opportunities available.

Tax Planning for Dividends

Author: Lee Hadnum

Publisher: CreateSpace

ISBN: 9781494945152

Page: 58

View: 914

With the highest income tax rate now 45%, and a maximum effective tax rate on dividends of 30.55%, any planning opportunities to reduce this can be very attractive. In this guide we look at precisely how UK and foreign dividends are taxed before covering some of the key tax planning opportunities available. One of the simplest and most effective ways to avoid or reduce income tax on dividends is to spread the income amongst your Spouse or Children. This is fully covered in this guide. Investing in equities via an ISA can also be highly attractive, as can using EIS and VCT investments to reduce income tax. Non UK domiciliaries have a number of options and their tax treatment differs from other UK residents when they receive foreign dividends. All of these issues, and more are covered in this guide. Contents include: How Dividends Are Taxed This includes a detailed explanation of how income tax applies to dividends, gross & net dividends, the 1/9 tax credit and how dividends are taxed along with other income at various income levels for 2013/2014. Dividend Splitting/Shifting Transferring dividends to another person to utilise their personal allowance, basic rate bands and/or CGT exemption can be attractive. We look at when and how you can do this in detail. Using a Company To Avoid Income Tax on Dividends Individuals can be taxed on dividends at up to 30.55%, whereas companies can usually receive dividends free of tax. We look at how you can use company ownership to reduce tax on your dividends. Using ISA's To Reduce Tax ISA's are one of the most effective tax planning structures for small investors. We look at how you can maximise the benefits from these often overlooked wrappers. Using Tax Shelters: VCT and EIS Shares EIS and VCT schemes can provide significant income tax and capital gains tax benefits. We show you how to use these to slash your UK tax bill. Extracting Dividends Whilst Non UK Resident Non-residents have a number of very attractive tax reliefs available to them, however, changes from April 2013 have now made avoiding tax on UK dividends more complex. We look at how and when non-residents can avoid tax on UK dividends. Tax Treatment of Foreign Dividends Dividends from overseas companies are subject to separate tax provisions. We look at how these apply. Tax Planning For Non UK Domiciliaries Receiving Foreign Dividends. Non UK domiciliaries ("Non doms") can often avoid tax on foreign dividends by using the remittance basis. We look at how non doms can structure their affairs to reduce or avoid tax on dividends. Dividend Waivers Dividend waivers can be used to allocate profits to specific shareholders to take account of lower tax rates. However, their are a number of factors to take into account before dividend waivers can be used effectively. About The Author The Author of "Tax Planning For Dividends" is 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).He worked in Ernst & Youngs Entrepreneurial Services department for a number of years before setting up his own tax planning practice. He is now a full time tax author.

Inheritance Tax Planning for Non UK Domiciliaries

In this book we look at how and when non UK domiciliaries can take advantage of this very attractive tax status to reduce UK inheritance tax. What is covered in the book? Subjects covered include: What is domicile and why is it important?

Inheritance Tax Planning for Non UK Domiciliaries

Author: Lee Hadnum

Publisher: CreateSpace

ISBN: 9781495982620

Page: 106

View: 880

Non UK domiciliaries are in a privileged position when it comes to UK Inheritance tax planning. So long as they can retain their non UK domicile status they can avoid UK inheritance tax on their overseas estate. Of course it is not quite this simple and there are a lot of obstacles to them benefiting from these rules. In this book we look at how and when non UK domiciliaries can take advantage of this very attractive tax status to reduce UK inheritance tax. What is covered in the book? Subjects covered include: What is domicile and why is it important? The 3 main types of domicile How to establish an overseas domicile and lose your UK domicile Practical steps and paperwork to be completed Recent case law on domicile UK immigrants and emigrants and their domicile status Where assets are located and why it's important The deemed domicile rules When you need to be non resident for 4 or more years to lose UK domicile How the £325,000 non dom spouse exemption (formerly £55,000) works including examples The new election from 2013 that allows non UK domiciled spouse to "opt in" for UK domicile status... and when you should make the election How you can use an Estate tax treaty to reduce your inheritance tax bill Using estate tax treaties to avoid the deemed domicile rules Review of the UK-US Inheritance tax/Estate tax treaty Inheritance tax planning for US citizens living in the UK Investing in UK Property: A case study When and how you can use offshore companies to own UK assets and reduce inheritance tax Review of the main anti avoidance rules that apply to non UK domiciliaries wanting to live in company owned properties How should you purchase UK property as a non-resident, non UK domiciliary given the 2015 changes? When and how to use a Private Trust Company Using an Excluded Property Trust When to use an Excluded Property Trust How the Excluded Property Trust would work in practice

A Straightforward Guide to Understanding and Controlling Inheritance Tax

However , particularly as we get older , it is never quite that simple and a degree
of forward planning is necessary if one is to avoid relatives and loved ones
paying high levels of inheritance tax after death . Inheritance tax is a technical
and ...

A Straightforward Guide to Understanding and Controlling Inheritance Tax

Author: David Marsh

Publisher: Straightforward co Ltd

ISBN: 9781847161215

Page: 121

View: 664

The perfect book for all those who need advice and guidance concerning the complicated area of inheritance tax. Clear, concise and intended for the layman, the guide points out steps that can be taken to reduce the inheritance tax bill. The guide is sensitively written by an expert in the field and comprehensively covers all the main areas associated with this often bewildering subject.