Publisher's Synopsis
This guide provides help and information needed on how to reduce or even eliminate the impact of inheritance tax. It sets out in detail which assets are taxable and which are not, explains how assets are valued, and how to minimize the liability to pay inheritance tax.;This edition is updated to include all the Finance Act changes that are likely to affect the reader, including independent taxation of husband and wife, the latest rules on capital gains tax relief, new rules regarding gifts, and increased coverage on creating a trust.;There are case studies which look at how inheritance tax affects different people, advice on how wills and trust can lessen exposure to inheritance tax, and guidance on the role life assurance and pensions play in further reducing inheritance tax payments.
