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Ray & McLaughlin’s Practical Inheritance Tax Planning

Authors: Mark McLaughlin, Geoffrey Shindler, Paul Davies and Ralph Ray

ISBN: 9781526507815

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Edition: 16th

Publication Date: 31 January 2020

Publisher: Bloomsbury Professional

Law As Stated At: 31 October 2019

Ray & McLaughlin’s Practical Inheritance Tax Planning

Ray & McLaughlin’s Practical Inheritance Tax Planning

Ray and McLaughlin's Practical Inheritance Tax Planning 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 (Act 2019.

New updates include:

  • Settled excluded property – Reference to the Finance Bill 2019-20 legislation on additions of assets by UK domiciled individuals to trusts made when they were non-UK domiciled, and the transfer of excluded property between trusts.
  • Domicile – Commentary on Proles v Kohli [2018] EWHC 767 (Ch) regarding domicile of choice under general law.
  • Time limits for assessments etc. – Commentary on extended assessment time limits for IHT purposes.
  • Disclosure of Tax Avoidance Schemes (DOTAS) and DAC6 – Commentary on the strengthening of the DOTAS rules for IHT purposes, and also the prospective introduction of DAC6

Mark McLaughlin is a consultant with Mark McLaughlin Associates Ltd (www.markmclaughlin.co.uk), and also The TACS Partnership (www.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' (www.taxinsider.co.uk) and is Co-Founder of TaxationWeb (www.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.

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