Finney on Personal Representatives
Contents:
- ABOUT THIS SERVICE
- INDEX
- 1. WILLS – AN OVERVIEW
- 2. DOMICILE AND RESIDENCE STATUS OF PRS – AN OVERVIEW
- 3. STATUTORY RESIDENCE IN THE TAX YEAR OF DEATH
- 4. DOMICILE
- 5. DEEMED DOMICILE – INCOME TAX AND CAPITAL GAINS TAX
- 6. DEEMED DOMICILE – INHERITANCE TAX
- 7. PROBATE
- 8. EXCEPTED AND NORMAL ESTATES – FORMS IHT205 AND IHT400
- 9. ADMINISTRATION OF ESTATES
- 10. IHT ON DEATH – GENERAL PRINCIPLES AFFECTING PRS
- 11. INCOME TAX AND CGT LIABILITIES OF THE DECEASED PRIOR TO DEATH
- 12. INCOME TAX LIABILITY ON INCOME ARISING AFTER DEATH
- 13. CGT – UPLIFT ON DEATH
- 14. CGT – DISPOSALS BY THE PRS/TRUSTEES DURING THE ADMINISTRATION PERIOD
Welcome to Finney on Personal Representatives.
This service is a practical guide for all personal representatives and others involved with the tax issues arising during the administration of a deceased person's estate.
- Practical approach, with many worked examples.
- Considers CGT, IHT and income tax position of PRs, from death to the end of the administration period.
- CGT, IHT and income tax position of beneficiaries (specific, general or residuary).
- Detailed examination of formalities necessary for a valid will under which PRs are appointed.
- Tax planning suggestions throughout.
- Extensive reference to legislation, case law and HMRC guidance.
The author, Malcolm Finney M.Sc (Bus Admin), M.Sc (Org Psych), B.Sc is an independent tax consultant and author of many years' experience. Malcolm was formerly a partner and head of international tax at Grant Thornton LLP and head of tax with law firm Nabarro Nathanson.