Subjects:

Taxation, Scots Law

Contents:

Introduction to the tax:

outline,

key concepts, and UK tax law in Scotland.

Computation of tax: lifetime transfers.

Exemptions.

Special property.

Estate on death.

Gifts with reservation: nature, effect and computation.

Trusts: classification, particular problems of drafting, the effect of the Trusts (Scotland) Act 1961, s 5

the Law Reform (Miscellaneous Provisions) (Scotland) Act 1968

s18.

Administration and incidence.

General IHT planning.

Written by two tax experts from the University of Edinburgh, 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. The authors make use of illustrations and worked examples to assist the legal practitioner and accountant in this detailed and complicated area of practice.