Ray and McLaughlin's Practical Inheritance Tax Planning
16th Edition
Published on 29. November 2018
Book
Paperback/Softback
1024 pages
978-1-5265-0781-5 (ISBN)
Description
Ray and McLaughlin's Practical Inheritance Tax Planning, 16th Edition is a long-established first port of call for private client advisers working with clients on inheritance tax planning engagements.
The practical commentary addresses the main planning points, potential pitfalls and possible solutions for IHT and estate planning purposes.
Since the previous edition this latest title picks up on the important changes to HMRC practice, new case law and legislation, including in relation to deemed domicile and excluded property as introduced in Finance (No 2) Act 2017.
New updates include:
- New and amended commentary and examples on the domicile changes introduced following Royal Assent to Finance (No 2) Act 2017
- Updated commentary on the excluded property restrictions in respect of overseas property with value attributable to UK residential property, as introduced in Finance (No 2) Act 2017
- Commentary on the expanded reporting requirements for IHT purposes under the disclosure of tax avoidance schemes (DOTAS) provisions
- New and updated commentary on compliance, including the 'requirement to correct' certain offshore tax non-compliance
- New cases, including Henderson & Others v HMRC (domicile); The Personal
Representatives of Grace Joyce Graham (Deceased) v HMRC, Williams and others (executors of Duncan Stewart Campbell deceased) v HMRC (business property relief); Whitlock and Anor v Moree (Bahamas) (joint accounts).
Mark McLaughlin is a consultant with Mark McLaughlin Associates Ltd (markmclaughlin.co.uk), and also The TACS Partnership (tacs.co.uk). He is a fellow of the CIOT and ATT, a member of STEP and a member of the CIOT's Succession Taxes and CGT and Investment Income Sub-Committees. Mark has written many tax publications and articles, including 'McLaughlin's Tax Case Review' (taxinsider.co.uk) and is Co-Founder of TaxationWeb (taxationweb.co.uk).
Geoffrey Shindler OBE has specialised in the area of capital taxes, trusts and wills for 40 years. He is the editor of Trusts and Estates Law & Tax Journal, Trust Drafting and Precedents (Looseleaf, Bloomsbury Professional) and a member of the Editorial Board of Wills & Trusts Law Reports and The Conveyancer and Property Lawyer.
Paul Davies is a partner in the private client team of DWF LLP solicitors in Manchester. He is a member of the CIOT and STEP, and practised briefly as a chartered accountant prior to qualifying as a solicitor in 2003.
The practical commentary addresses the main planning points, potential pitfalls and possible solutions for IHT and estate planning purposes.
Since the previous edition this latest title picks up on the important changes to HMRC practice, new case law and legislation, including in relation to deemed domicile and excluded property as introduced in Finance (No 2) Act 2017.
New updates include:
- New and amended commentary and examples on the domicile changes introduced following Royal Assent to Finance (No 2) Act 2017
- Updated commentary on the excluded property restrictions in respect of overseas property with value attributable to UK residential property, as introduced in Finance (No 2) Act 2017
- Commentary on the expanded reporting requirements for IHT purposes under the disclosure of tax avoidance schemes (DOTAS) provisions
- New and updated commentary on compliance, including the 'requirement to correct' certain offshore tax non-compliance
- New cases, including Henderson & Others v HMRC (domicile); The Personal
Representatives of Grace Joyce Graham (Deceased) v HMRC, Williams and others (executors of Duncan Stewart Campbell deceased) v HMRC (business property relief); Whitlock and Anor v Moree (Bahamas) (joint accounts).
Mark McLaughlin is a consultant with Mark McLaughlin Associates Ltd (markmclaughlin.co.uk), and also The TACS Partnership (tacs.co.uk). He is a fellow of the CIOT and ATT, a member of STEP and a member of the CIOT's Succession Taxes and CGT and Investment Income Sub-Committees. Mark has written many tax publications and articles, including 'McLaughlin's Tax Case Review' (taxinsider.co.uk) and is Co-Founder of TaxationWeb (taxationweb.co.uk).
Geoffrey Shindler OBE has specialised in the area of capital taxes, trusts and wills for 40 years. He is the editor of Trusts and Estates Law & Tax Journal, Trust Drafting and Precedents (Looseleaf, Bloomsbury Professional) and a member of the Editorial Board of Wills & Trusts Law Reports and The Conveyancer and Property Lawyer.
Paul Davies is a partner in the private client team of DWF LLP solicitors in Manchester. He is a member of the CIOT and STEP, and practised briefly as a chartered accountant prior to qualifying as a solicitor in 2003.
More details
Edition
16th edition
Language
English
Place of publication
London
United Kingdom
Publishing group
Bloomsbury Publishing PLC
Target group
Professional and scholarly
Dimensions
Height: 234 mm
Width: 156 mm
ISBN-13
978-1-5265-0781-5 (9781526507815)
Copyright in bibliographic data and cover images is held by Nielsen Book Services Limited or by the publishers or by their respective licensors: all rights reserved.
Schweitzer Classification
Other editions
Previous edition
Mark McLaughlin | Ralph Ray | Paul Davies
Ray and McLaughlin's Practical Inheritance Tax Planning
Book
12/2017
15th Edition
Bloomsbury Professional
€193.13
Article exhausted; check for reprint
Person
Mark McLaughlin CTA (Fellow) ATT (Fellow) TEP
TAX CONSULTANT
From January 1998 until December 2018, Mark was a consultant in his own tax practice, Mark McLaughlin Associates, which provided tax consultancy and support services to professional firms throughout the UK.
Mark is now a consultant with The TACS Partnership, an independent tax advisory firm that provides high quality, independent advice on all UK taxation matters.
He is a member of the Chartered Institute of Taxation's Private Client (UK and International) Sub-Committees.
Mark is also a lecturer, and has featured in online tax lectures for Tolley Seminars Online.
TAX AUTHOR AND EDITOR
Mark is the Editor of the Core Tax Annuals 2006/07 to 2019/20 (Bloomsbury Professional), and is a co-author of the 'Inheritance Tax' Annuals 2006/07 to 2019/20 (Bloomsbury Professional).
Mark is Editor and a co-author of 'Tax Planning' (Bloomsbury Professional). He is a co-author of 'Ray & McLaughlin's Practical IHT Planning' (Bloomsbury Professional). Mark is also co-author of 'Incorporating and Disincorporating a Business' (Bloomsbury Professional).
He is Editor and co-author of 'HMRC Investigations Handbook' (Bloomsbury Professional). Mark is a co-author and General Editor of 'Buy-To-Let Property Tax Handbook' (Bloomsbury Professional). Mark has also written numerous articles for professional publications, including 'Taxation', 'Tax Adviser', 'Tolley's Practical Tax Newsletter' and 'Tax Journal'.
TAXATIONWEB
Mark is a Co-Founder of TaxationWeb (www.taxationweb.co.uk), which provides free information and resources on UK taxes to taxpayers and professionals.
TAX INSIDER
Mark is a Director of Tax Insider, and Editor of Tax Insider, Property Tax Insider and Business Tax Insider, which are monthly publications aimed at providing tax tips and tax saving ideas for taxpayers and professional advisers. He is also Chief Contributor to McLaughlin's Tax Case Review, a monthly journal published by Tax Insider.
TAX CONSULTANT
From January 1998 until December 2018, Mark was a consultant in his own tax practice, Mark McLaughlin Associates, which provided tax consultancy and support services to professional firms throughout the UK.
Mark is now a consultant with The TACS Partnership, an independent tax advisory firm that provides high quality, independent advice on all UK taxation matters.
He is a member of the Chartered Institute of Taxation's Private Client (UK and International) Sub-Committees.
Mark is also a lecturer, and has featured in online tax lectures for Tolley Seminars Online.
TAX AUTHOR AND EDITOR
Mark is the Editor of the Core Tax Annuals 2006/07 to 2019/20 (Bloomsbury Professional), and is a co-author of the 'Inheritance Tax' Annuals 2006/07 to 2019/20 (Bloomsbury Professional).
Mark is Editor and a co-author of 'Tax Planning' (Bloomsbury Professional). He is a co-author of 'Ray & McLaughlin's Practical IHT Planning' (Bloomsbury Professional). Mark is also co-author of 'Incorporating and Disincorporating a Business' (Bloomsbury Professional).
He is Editor and co-author of 'HMRC Investigations Handbook' (Bloomsbury Professional). Mark is a co-author and General Editor of 'Buy-To-Let Property Tax Handbook' (Bloomsbury Professional). Mark has also written numerous articles for professional publications, including 'Taxation', 'Tax Adviser', 'Tolley's Practical Tax Newsletter' and 'Tax Journal'.
TAXATIONWEB
Mark is a Co-Founder of TaxationWeb (www.taxationweb.co.uk), which provides free information and resources on UK taxes to taxpayers and professionals.
TAX INSIDER
Mark is a Director of Tax Insider, and Editor of Tax Insider, Property Tax Insider and Business Tax Insider, which are monthly publications aimed at providing tax tips and tax saving ideas for taxpayers and professional advisers. He is also Chief Contributor to McLaughlin's Tax Case Review, a monthly journal published by Tax Insider.
Content
1. Introduction and Outline
2. Domicile
3. Excluded Property
4. The Art of Giving
5. Gifts with Reservation of Benefit
6. Husband, Wife and Civil Partner
7. Nil Rate Band
8. Residence Nil Rate Brand
9. The use of Exemptions
10. Appropriate Will Planning
11. Practical Aspects of Will Drafting
12. Interest in Possession Settlements
13. Non-interest in Possession Settlements
14. Other Varieties of Settlement
15. Practical Aspects of Drafting Settlements
16. Business Interests
17. Business Property
18. Agricultural Property
19. Estate Planning- Woodland, heritage property and Lloyd's Underwriters
20. Pensions, Life Assurance etc
21. Pre-owned Assets
22. Compliance Issues
2. Domicile
3. Excluded Property
4. The Art of Giving
5. Gifts with Reservation of Benefit
6. Husband, Wife and Civil Partner
7. Nil Rate Band
8. Residence Nil Rate Brand
9. The use of Exemptions
10. Appropriate Will Planning
11. Practical Aspects of Will Drafting
12. Interest in Possession Settlements
13. Non-interest in Possession Settlements
14. Other Varieties of Settlement
15. Practical Aspects of Drafting Settlements
16. Business Interests
17. Business Property
18. Agricultural Property
19. Estate Planning- Woodland, heritage property and Lloyd's Underwriters
20. Pensions, Life Assurance etc
21. Pre-owned Assets
22. Compliance Issues