Practitioner's Tax Handbook: Trusts, Wills, Probate and Tax Planning

This step-by-step guide takes the practitioner through the tax implications of specific transactions in the practice of trusts, wills and probate. It highlights pitfalls, solutions, risks, tax planning and compliance, and includes examples, precedents and other key data such as addresses, contact details and checklists. Aimed at the lawyer rather than the tax expert, it concentrates on the practical implications of particular transactions, providing a quick reference tool and indicating when a practitioner might need to seek specialist advice.

It is arranged by transaction with the tax implications, pitfalls and solutions discussed in that context. This enables practitioners to go straight to relevant advice:-

• Step by step guidance through the tax implications of each transaction
• Highlights the risk points and suggests where specialist advice might be required
• Illustrates how the tax aspects of a transaction should be monitored continually to ensure all available reliefs are claimed and compliance achieved
• Includes tax precedents in the form of draft Inland Revenue and Customs clearances, forms and elections with notes of questions the Tax Inspector is likely to raise on submission, concessions, statements of practice and practice notes
• Lists useful addresses and contact details, such as where to send particular clearances