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Inheritance Tax 2019/20

Authors: CTA (Fellow) ATT (Fellow) TEP Mark McLaughlin, MA (Cantab) TEP Iris Wünschmann-Lyall, and CTA ATT TEP Chris Erwood

ISBN: 9781526509871

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Edition: 14th

Publication Date: April 2020

Publisher: Bloomsbury Professional

Law As Stated At: 1 April 2020

Inheritance Tax 2019/20

Inheritance Tax 2019/20

Inheritance Tax 2019/20 provides a clearly structured analysis of the major inheritance tax (IHT) provisions together with the tips and planning techniques needed to apply them successfully and to avoid potential pitfalls.

This essential guide to IHT helps you navigate progressively through the complexities of an increasingly difficult subject. It starts with the basic rules and principles before looking at topics in more depth. Whatever your level of expertise and experience, this book will be a valuable addition to your practice library.

Updates for the 2019/20 edition include:

Updated to Finance Act 2019 and changes in HMRC practice and guidance

Case law – including The Personal Representatives of Grace Joyce Graham (Deceased) v Revenue and Customs (business property relief), Hood v Revenue and Customs (gifts with reservation), Henderson & Ors v Revenue and Customs and Proles v Kohli (domicile) and Banks v Revenue and Customs (exemptions)

Updated commentary on the recent domicile reforms and changes to excluded property status in respect of UK residential property interests

Residence nil rate band – reference to amendments introduced in Finance Act 2019

This accessible reference guide has a user-friendly structure with 'signposts' at the beginning of each chapter to summarise key topics and 'focus points' throughout to highlight important issues. Numerous worked examples demonstrate how to apply the main principles in practice and all examples are listed in a table at the beginning for quick navigation.

Last update: April 2020

Next update due: September 2020