Product Description

Proper inheritance tax planning could save your family hundreds of thousands of pounds in tax. This comprehensive guide 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. Topics covered include: The very latest changes announced in the October 2007 Pre-Budget Report, how to calculate inheritance tax, how to shelter your home from the taxman, the tax benefits of trusts, how to gain extra mileage from the GBP300,000 exemption, how to gift assets during your lifetime without causing financial hardship to you and your spouse...plus lots more! The changes announced in the October 2007 Pre-Budget Report have fundamentally altered the entire inheritance tax planning landscape for married couples. In many cases something which was the best course of action before 9th October 2007 should now be completely avoided! This guide tells you exactly what steps you should take.

Product Details

• Amazon Sales Rank: #57082 in Books
• Published on: 2009-06-19
• Original language: English
• Number of items: 1
• Binding: Paperback
• 308 pages

What Investment magazine
"Useful source of IHT information."

About the Author
Carl Bayley is an expert at translating complex tax laws into plain English and helping investors and businesses pay less tax. Trained as a chartered accountant, Carl is a well-known conference speaker and a regular contributor to television and radio on tax matters.

Customer Reviews

The Definitive Book on Inheritance Tax & How to Avoid It!
I have been looking for a clearly written book on Inheritance tax planning for some time and have bought several. I would say this one is the best because the author has an extremely engaging and user friendly style. He also uses lots of clear examples throughout. What I like about this book is that it discusses both simple and more sophisticated inheritance tax planning methods, remaining easy to follow from beginning to end.

Very informative and clearly worded
I was disappointed when this book arrived and found that it was actually a bound booklet rather than a proper book – therefore my advice would be to get the e-Book (which is in PDF format, £5 cheaper and immediately downloadable) and print it out yourself.

In terms of content I have found it invaluable. In fact it contains far more information than any of the IHT range of booklets that you can download from the Inland Revenue Inheritance Tax pages - which are free of course but they don't also tell you how to try and avoid / minimise the tax as well. Where I had found the Inland Revenue guidance on IHT calculations confusing, or at least a little unclear (on the use of certain types of Trusts for example), I have been able to refer to this book for the answer. I had telephoned the Inland Revenue advice line before getting the book and had been told contradicting information by two different telephone advisors – when I referred to the book it already had a definitive answer. After reading the book I also saw a solicitor and actually picked her up on a couple of minor errors she made in her advice as a result of the excellent understanding of the methods and issues which I had gained from this guide.

The book acts as a signpost telling you the ways you can avoid / minimise the tax but it isn’t then a step-by-step instruction book of how to undertake the most complicated methods yourself. I believe that as a result of this the book is relatively easy to read. I think if you need to undertake the most complicated methods of avoiding the IHT then a solution where you could follow a set of instructions wouldn’t work for you anyway and a professional needs to be brought in to ensure the legal side is watertight.

It may seem quite expensive at £25 (or £20 if you go for the e-Book) but it certainly covers all the methods of avoiding IHT and explains them well. I wouldn’t hesitate to recommend it and the advice in the book was so good I have since bought four more TaxCafe.co.uk guides on different subjects!

A complete beginners guide.
A clear, simple explanation of a very complex subject. Worked examples add to the clarity. Gives the status of the law in early 2005. In some areas, e.g. trusts, you may feel the need to get further explanation but this book gives sufficient detail for most people.

Gave me enough knowledge to be able to talk, and argue, with the IFA and put forward a proposal that suited my family.