Bloomsbury Professional Trusts and Estates 2020/21

Erscheinungsjahr 2020
ISBN: 978-1-5265-1490-5
Verlag: Bloomsbury Academic

Buch, Englisch, 464 Seiten, Paperback, Format (B × H): 156 mm x 234 mm

Reihe: Core Tax Annuals

Trusts and Estates 2020/21 is a practical and accessible reference book that provides clear guidance on compliance and operation under current law and is indispensable when starting, running or ending a trust, or dealing with a deceased's estate.

The 2020/21edition has been updated to Finance Act 2020 and includes the following:

- Updated commentary to reflect the Government confirmation that legislation will be introduced in Finance Bill 2020-21 which will introduce a 2% surcharge from 1 April 2021 for non-UK residents purchasing residential property in the UK
- The Administration of Estates Act 1925 (Fixed Net Sum) Order 2020, which increases the statutory legacy in intestate estates from £250,000 to £270,000 from 6 February 2020
- Online CGT Return and the Finance Act 2019 compliance application to UK and non-UK resident PRs/Trustees
- Updated commentary reflecting the provisions from Finance Bill 2020-21 that UK and non-UK resident PRs who sell a residential property that gives rise to a CGT liability must send a stand-alone tax return to HMRC and pay any CGT due within 30 days of completion of the sale
- Case law - Mackay v Wesley [2020] EWHC 1215 (Ch) (18 May 2020) - application to rescind Trustee appointment

Written by two of the leading experts in this field, Trusts and Estates 2020/21enables practitioners to gain a better understanding of current tax law so they can confidently organise their clients' financial affairs in a tax-efficient and compliant manner.

This accessible reference guide has a user-friendly structure with 'signposts' at the beginning of each chapter to summarise key topics and 'focus points' throughout to highlight important issues, as well as numerous worked examples demonstrating how to apply the main principles in practice.

Autoren/Hrsg.

Wünschmann-Lyall, Iris

Erwood, Chris

Fachgebiete

• Rechtswissenschaften Ausländisches Recht Common Law (UK, USA, Australien u.a.)

Inhaltsverzeichnis

Chapter 1 Introduction
Chapter 2 Background
Chapter 3 Starting a trust
Chapter 4 Running a trust: income tax
Chapter 5 Running a trust: capital gains tax
Chapter 6 Running a trust: inheritance tax
Chapter 7 Trusts for disabled persons and vulnerable beneficiaries
Chapter 8 Ending a trust
Chapter 9 Deceased estates: introduction
Chapter 10 Deceased estates: practical IHT considerations
Chapter 11 Deceased estates: income tax and CGT
Chapter 12 Deceased estates: post-death re-arrangements
Chapter 13 Stamp duties: trustees and personal representatives

Über Autor(innen)

Erwood, Chris
Chris Erwood CTA ATT TEP has 35+ years practical experience at senior level within the field of estate and trust taxation reflecting a balanced mix of HMRC, Big 4 Accountancy and FTSE100 Industry background. Chris is the tax director of Erwood & Associates Ltd which provides a specialist capital taxes consultancy service to the HNWI client and their professional advisors. She is a popular circuit lecturer, regular contributor to technical journals, published technical author in her specialist field of IHT, Estate and (onshore/offshore) Trust taxation and expert consultant to the South West professional forum. A former tutor and external examiner on the tax module of the STEP Diploma programme, Chris is a quality assurance manager on the CIOT chartered tax adviser exam programme.

Wünschmann-Lyall, Iris
Iris Wünschmann-Lyall is a solicitor and specialises in estate planning, trusts, probate and tax related matters and is a Registered Trust and Estate Practitioner.

Iris Wünschmann-Lyall is a solicitor and specialises in estate planning, trusts, probate and tax related matters and is a Registered Trust and Estate Practitioner.

Chris Erwood is a qualified associate of both the Chartered Institute of Taxation and STEP.