How to Avoid Inheritance Tax, by Carl Bayley

Just released from TaxCafe and updated for 2009, this guide is the most up-to-date inheritance tax guide available in the UK. It tells you everything you need to know about protecting your family and assets from the taxman.

Recent changes have fundamentally altered the entire inheritance tax planning landscape. In many cases something which was the best course of action should now be completely avoided. The guide tells you exactly what to do. This guide, plus many other best selling tax guides are now available from the Below Market Vaue Tax Bookshop.

Making sure you adequately plan for inheritance tax could save you literally hundreds of thousands of pounds.

How to Avoid Inheritance Tax is a unique and up-to-date guide which will tell you all you need to know about sheltering your family’s money from the taxman. Taking into account both simple and complex tax planning strategies, the guide is essential reading for parents, grandparents and adult children.

Subjects covered include:

* All the changes from the April 2009 Budget.
* The new inheritance tax rules for married couples.  
* The latest trust changes and their impact on popular tax planning techniques.
* How trusts can be used to slash your inheritance tax bill – with real-life examples.
* How the £325,000 exemption can be used not just once but every 7 years.
* How to use the little-known regular payment method to pass unlimited funds to family members.
* More than a dozen inheritance tax planning techniques for protecting the family home.
* Tax planning for common law partners.
* How to plan for inheritance tax without causing financial hardship to yourself or your spouse.
* How to benefit minor children and children who are not even born yet.
* Plus lots more – the guide contains over 300 pages of tax saving information.

How to Avoid Paying Inheritence Tax – 2009 Update

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By running your business through a limited company you can save tens of thousands of pounds in tax and national insurance.

Why? To start with UK corporation tax rates are often much lower than income tax rates. Secondly, company owners can pay themselves dividends, which are taxed much less heavily than other forms of income. Finally, setting up a company with your spouse or partner allows you to split your income which almost always results in a lower tax bill.

That’s not all. Tax and national insurance increases announced in the April 2009 Budget mean using a company will produce even bigger tax savings in the years ahead!

This tax guide tells you everything you need to know about using a company to legally shelter your hard-earned money from the taxman. It is essential reading for:

• All sole traders and partnerships.
• Anyone with an existing company but wanting to pay less corporation tax, income tax and national insurance.
• Anyone starting a business.
• Anyone wanting to shelter from the increased tax rates coming in over the next couple of years.
• Accountants who wish to advise their clients on the tax benefits of using a company.

Like all Taxcafe guides Using a Company to Save Tax is written in Plain English and contains numerous practical examples and tax planning tips. Topics covered include:

• All the changes from the April 2009 Budget – the guide is completely up to date.
• The clearest explanation of corporation tax you will find anywhere.
• All the pros and cons of using a company.
• Plain English comparison of company tax and sole trader/partnership tax.
• How company owners can legally escape paying any national insurance.
• How dividends can be used to cut your tax bill by thousands of pounds every year.
• How to pay dividends correctly and avoid trouble from the taxman.
• Detailed examples showing the exact amount of tax you can save by using a company.
• How to save thousands more in tax by bringing your spouse or partner into the company.
• Traps to look out for when involving your spouse.
• The dangers of using more than one company.
• How a company can produce massive additional tax savings when you reinvest profits.
• A chapter detailing the tax and national insurance changes expected in 2010.
• How to incorporate an existing business, including how to make sure you pay zero capital gains tax, VAT, and stamp duty.
• When using a company is a bad idea and could result in a higher tax bill.
• How to convert from a company back to being a sole trader or partnership.
• The tax benefits and drawbacks of using an offshore company.

The guide also contains many useful tables which show the exact tax savings enjoyed by company owners at every profit level. These tables take account of ALL taxes: income tax, corporation tax, national insurance etc.

Using a Company to Save Tax – 2009 update edition

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Now on it’s 9th edition, the best selling tax saving guide from TaxCafe – Non-Resident & Offshore Tax Planning has been updated for 2009.

This guide is designed to help those living or working abroad pay less tax on their UK income and investments. It also contains important information for those who live in the UK but wish to use the offshore tax rules to shelter their income and gains from the taxman.

This is an important and sophisticated area of tax planning. Moving yourself or your assets abroad is in many respects the ultimate of tax avoidance and in some cases it is possible to reduce your tax bill to zero. However there are also many traps to avoid and pitfalls to negotiate.

Non-Resident & Offshore Tax Planning is written in plain English and is crammed full of examples and tax planning tips. Subjects covered include:

• All relevant changes from the April 2009 Budget.
• Clear but detailed explanation of “Non Residence” and “Domicile”.
• The new tax rules for non-domiciled individuals (non-doms)
• … and how you can use them to keep money offshore and tax free.
• How to become non-resident and how this will affect your tax bill.
• How to avoid UK income tax on your rents, interest, dividends, pension and employment income.
• How business owners can reduce their tax when they move abroad.
• How to totally avoid paying capital gains tax in the UK and abroad.
• Traps to avoid to prevent gains being subject to UK capital gains tax.
• How to transfer your pension tax free to an overseas scheme (QROPS).
• How to lose your UK domicile and avoid inheritance tax.
• Detailed advice for overseas property investors.
• How to receive tax-free lump sums when you work abroad.
• Protecting your property investments from the UK taxman when you live or work abroad.
• How to make the most of Double Tax Relief.
• How to gain tax benefits from your husband or wife’s status.
• How to become a Tax Nomad and avoid tax wherever you go.
• Tax benefits and dangers of offshore trusts.
• Pros and cons of offshore companies.
• How double tax treaties can be used to save tax.

More information on Non-Resident & Offshore Tax Planning from TaxCafe

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