A Modern Approach to Lifetime Tax Planning for Private Clients: With Precendents

This book provides practitioners with help and guidance on UK tax planning and drafting issues, and it discusses the typical problems and pitfalls that may be encountered in practice. The book begins by looking at the essential UK 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 settlement * the family * assets, such as the family home * CGT main residence relief * chattels * businesses and farms * investments * 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.