Why should you buy Tolley's Inheritance Tax 2018-19
The updated edition of this esteemed Tolley's tax title contains must-have coverage of IHT liabilities, tax mitigation and compliance. Useful worked examples clarify legislation and help you translate theory into practice. Accuracy is guaranteed with expert commentary by Malcolm Gunn. Routine and complex topics are explored from multiple perspectives, ensuring you have a complete view of IHT's expansive landscape.
New to this edition:
- Explanation of potential IHT tax charges when funds are transferred from a company pension scheme to a personal SIPP
- More detailed analysis of how the residence nil rate band is applied in practice by HMRC.
- Why it is most important that IHT aspects of offshore structures are reviewed before 30 September 2018, after which severe penalties may be incurred for even inadvertent mistakes.
Why buy the book this year?
Significant changes to inheritance tax have been made in recent Finance Acts, and this edition is therefore essential reading for those who need to understand the impact of the new rules. These changes include revised deemed domicile provisions, as well as a new IHT charge on indirectly held UK residences, both having significant consequences. How the residence nil rate band applies in practice has also become clearer following published HMRC guidance and it is important that this is understood.
Inheritance tax is no longer one of the 'lesser' taxes bringing in little revenue but it is now catching more estates and the yield has increased rapidly. This book is the leading practical guide on the topic.