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Vol 24 No 9 Sept/Oct 2019

Book of the Month

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The Anti-Suit Injunction

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Financial Planning with Trusts 2019-20


ISBN13: 9781912386154
Previous Edition ISBN: 9781912386109
Published: July 2019
Publisher: Claritax Books
Country of Publication: UK
Format: Paperback
Price: £115.00



In stock.

This substantial work (see full contents below) looks at a wide range of topical tax and financial planning strategies using trusts. Popular with tax practitioners and financial advisers alike, it demonstrates the effective use of different trusts to meet financial and tax planning objectives.

The book includes CGT, income tax and IHT planning and also examines the special trust arrangements used in the financial services sector.

Written by highly qualified and experienced authors, this book helps readers to grasp the full implications, advantages and potential disadvantages of using a particular trust. The text is supported throughout by statutory references and case law precedents.

The 2019-20 edition has been re-structured and expanded and is now divided into the following key sections:

  • First principles
  • Taxation of trusts - general principles
  • IHT planning
  • International aspects
  • Wills, probate and powers of attorney
  • Financial protection on death
  • Investments
  • Pensions
  • The private business
  • Residential property
  • Other uses of trusts - chattels, asset protection, reducing care costs, personal injury, trusts for the disabled and vulnerable
  • Compliance and administration
  • The new edition includes a number of new case reports, updated examples and commentary throughout, more on money laundering and Trust Registration Service changes, etc.

Subjects:
Taxation
Contents:
FIRST PRINCIPLES
1. Introduction
2. Reasons for using trusts
3. The different types of trust
4. Trust fundamentals
TAXATION OF TRUSTS – GENERAL PRINCIPLES
5. General overview
6. Tax on trust income
7. Tax on trust capital gains
8. Inheritance tax and trusts
9. The relevant property regime
10. Summary of trust taxation
INHERITANCE TAX PLANNING
11. Anti-avoidance
12. Lifetime planning with cash and investments
13. Lump sum IHT plans
14. Trusts and the GAAR
15. Family investment companies as an alternative to trusts
INTERNATIONAL ASPECTS
16. Offshore trusts
17. Excluded property trusts
WILLS, PROBATE AND POWERS OF ATTORNEY
18. Using trusts in wills
19. Trusts and deeds of variation
20. Trusts to avoid probate
21. Lasting powers of attorney and trusts
TRUSTS TO PROVIDE FINANCIAL PROTECTION ON DEATH
22. Trusts of life assurance protection plans
23. Relevant life policies/trusts
INVESTMENTS
24. Trustee investment strategies
25. Single premium bonds held in trust
PENSIONS
26. Death benefits under registered pension schemes
27. By-pass trusts
28. QNUPS
TRUSTS AND THE PRIVATE BUSINESS
29. Trusts for business protection and succession
30. Shares in the family private trading company
TRUSTS FOR RESIDENTIAL PROPERTY
31. Principal private residence
32. Other properties
OTHER USES OF TRUSTS
33. Chattels
34. Asset protection trusts
35. Trusts to reduce the costs of care
36. Personal injury trusts
37. Trusts for the disabled and the vulnerable
COMPLIANCE AND ADMINISTRATION
38. Dealing with HMRC – trust income, capital gains and IHT
39. Beneficial ownership – registration, disclosure, the CRS and FATCA
40. Money laundering and the trust registration service
41. Facilitating adviser charging through investments in trust
GLOSSARY
Table of legislation
Index of cases