Financial Times Guide to Inheritance Tax , Probate and Estate Planning

Amanda Fisher (Autor)

Buch | Softcover

352 Seiten

2010
Financial Times Prentice Hall (Verlag)
978-0-273-72996-9 (ISBN)

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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

Amanda Fisher runs her own tax, accountancy and training business - http://www.ajftaxation.com. She regularly teaches courses on taxation, tax efficiency and inheritance tax and works with HM Revenue and Customs through her tax practice. She is a member of the Probate and Estates Committee of the Society of Trust and Estate Practitioners (STEP) - http://www.step.org/

Preface

PART ONE                THE APPLICATION FOR PROBATE

1          Registering a death

2          Other matters to address when someone has died

3          The duties of executors and administrators

4          Consideration of the validity of a will

5          Intestacy and partial intestacy

6          Obtaining details of assets and liabilities

7          The need for a grant

8          Applying for probate and letters of administration

PART TWO               INCOME TAX AND CAPITAL GAINS TAX

9          Treatment of income before and after the death

10        Tax liabilities and obligations to the date of death

11        Tax liabilities during the estate administration period

PART THREE                       INHERITANCE TAX

12        Completing the inheritance tax return

13        How to value property for inheritance tax

14        Overseas property

15        Considering gifts made before death

16        Calculating inheritance tax liability on the death estate

17        Tax planning after death and deeds of variation

18        Excepted estates

19        Paying inheritance tax

PART FOUR              WHEN PROBATE HAS BEEN GRANTED

20        Distributing the estate

21        Estate accounts

22        Revisions and amendments to the estate

PART FIVE                LIFETIME PLANNING

23        Lifetime planning to reduce an inheritance tax liability

24        The benefits of making a will

25        Trusts

Appendix A     Tax return SA900 relating to the estate administration period and form R185

Appendix B     Inheritance tax return forms

Appendix C     Estate accounts

Appendix D     Further help

Glossary

Index

Erscheint lt. Verlag	19.8.2010
Reihe/Serie	The FT Guides
Verlagsort	Harlow
Sprache	englisch
Maße	156 x 234 mm
Gewicht	659 g
Themenwelt	Recht / Steuern ► EU / Internationales Recht
	Recht / Steuern ► Privatrecht / Bürgerliches Recht ► Besonderes Schuldrecht
	Recht / Steuern ► Steuern / Steuerrecht ► Erbschaftsteuer / Schenkungsteuer
	Wirtschaft ► Betriebswirtschaft / Management ► Finanzierung
ISBN-10	0-273-72996-9 / 0273729969
ISBN-13	978-0-273-72996-9 / 9780273729969
Zustand	Neuware