"A reference book that increases the knowledge of the tax regimes I would submit is esential when advising clients on the most basic concepts of will writing and inheritance tax planning. It will certainly become a welcome addition to any private client library" Scots Law Times

Written by two experienced tax practitioners, Fiona McDonald and Bill Pagan, this important new title is a practical guide to Inheritance Tax in Scotland. This is the only text to take full account of the peculiarities of Inheritance Tax in a Scottish context. This brand-new guide will prove essential to accountants, tax advisers and others dealing with inheritance tax, and includes expert coverage of probably the most significant changes to Inheritance Tax in the past 20 years contained in the Finance Act 2006.

Inheritance Tax in Scotland 2007/08 focuses on the day-to-day issues tax advisers frequently encounter in practice. Packed full of useful features including worked examples, diagrams, and common-sense know-how, tax advisers using this essential book will be directed to explanations and answers to key Inheritance Tax questions and scenarios.

This superb new guide to Inheritance Tax covers:

- Lifetime transfers
- IHT on death
- Valuation of assets
- Gifts with reservation of benefit
- Compliance
- Trusts: interest in possession
- Trusts: non-interest in possession
- Exemptions and excluded property
- Reliefs
- Business property relief and agricultural property relief
- Lifetime planning
- Wills and estate planning
- The family home
- Pre-owned assets charge
- Compliance

Click here to download and read Chapter 1

ISBN/ISSN: 978 1 847660770
Publication Date: Nov 07
Format: Paperback
Availability: In Print