Transferring wealth in a tax-efficient manner
by stephanie webber
1. Use of trusts - key points
1.1. Reasons for using trusts
1.2. Trusts and IHT charges
1.3. Administration
2. Passing on all/part of the business: key points
2.1. Tax credit reduces tax payable
2.2. Gift relief
2.3. Restrictions on gift relief
2.4. SDLT/LBTT
2.5. Inheritance tax
2.6. Entrepreneurs' relief
2.7. Administration - passing on the business
3. Passing on cash - key points
3.1. CGT and IHT
3.2. Death within seven years
3.3. Trusts for children
4. Passing on other assets - key points
4.1. Capital gains tax
4.2. Non-business asset gift rellief
4.3. Trusts and IHT charges
4.4. Administration