Giving & Inheriting (Paperback)

Fully updated and revised for the March 2011 budget. Inheritance Tax (IHT) worries many people, who fear their heirs could be faced with a large tax bill, and are confused by complex schemes sold to avoid this. But help is at hand: Giving & Inheriting is a user-friendly guide to estate planning and tax liability. This indispensable book will help you reduce the tax bill faced by your heirs and allow many to avoid IHT altogether - ensuring your gifts go to those you choose and not to HMRC. Find out what you need to know about tax-free gifts and ways of reducing tax when you die, as well as the taxes on lifetime gifts and what you can do about them. Giving & Inheriting also looks at how trusts let you control how your gifts are used, explains gifts to children and charities, and highlights the tax pitfalls to consider if you are giving your home. There is also advice for those receiving an inheritance. Whatever your circumstances, this guide will help you plan tax-efficient ways to pass on money, property and valuables.