How to Save Inheritance Tax 2023/24

Proper inheritance tax planning could save your family hundreds of thousands of pounds. This comprehensive book tells you everything you need to know about protecting your family from the grave robbers' tax.

It takes a detailed look at both simple and sophisticated tax planning strategies and will help you decide what action you and your family should take now.

The author, Carl Bayley, is a former chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales.

Topics covered in the guide include:

• A plain-English guide to calculating inheritance tax and how the tax works.
• Tax planning timetable: Steps to take at key points in your life.
• More than a dozen tax planning techniques for protecting the family home.
• Fully updated guidance and examples showing the impact of the 19 year freeze in the £325,000 nil rate band - made worse by today's high inflation.
• A new chapter on inheritance tax planning with pensions. Pensions can be used to pass wealth tax free down the generations - the guide shows you how to make the most of the extraordinary tax savings on offer.
• Absolutely everything you need to know about using trusts to save inheritance tax.
• How to use Business Property Relief to pass unlimited assets to your family.
• How to gift assets during your lifetime without causing financial hardship to you and your spouse.
• A whole chapter on the tax-saving potential of family investment companies.
• Details of UK investments that may escape inheritance tax.
• A whole chapter on advanced inheritance tax planning techniques.
• Lots of information throughout for landlords and property investors.
• Plus lots more...

Dozens of clear real-life examples are used throughout to explain important points.

Carl began his career as a chartered accountant over 40 years ago. He is one of the country's most respected tax experts and a former chairman of the Tax Faculty at the Institute of Chartered Accountants in England and Wales. He has written over 10 plain-English tax guides and enjoys his role as a tax author: "The most satisfying part is the chance to give everybody a high standard of advice at a very affordable price".