SOURCE CURRENCY
2016

Modern Approach to Lifetime Tax Planning for Private Clients (with Precedents) deals with the legal aspects of tax planning for private clients. It is a companion volume to the popular A Modern Approach to Wills, Administration and Estate Planning (with Precedents).

This work begins by looking at the essential legal framework of giving and tax law through a combination of detailed and authoritative commentary, worked examples and precedents. It then examines specific topics including: trusts and settlements, the family, and looks at particular assets such as the family home, CGT main residence relief, chattels, businesses and farms, investments, and insurance based products. It goes on to examine tax planning using statutory reliefs and exemptions including joint ownership of land/sharing arrangements, gifts for family maintenance, normal expenditure out of income and charitable giving.

This new edition includes:

Introduction of the Residential Nil Rate band by the Finance (No 2) Act 2015

Effect of the Taxation of Pensions Act 2015

The impact of the Inheritance and Trustees Powers Act 2014

Changes to IHT charges on relevant property trusts

Full text of the STEP Standard Provisions and the STEP Investment Policy