Tolley's Taxwise II 2019-20

Why should you buy Tolley’s Taxwise II 2019-20

The second part of this two-volume set is a highly practical text on how to best approach real-life computations. Coverage includes capital transfer tax, IHT, IT rates, rates for trusts, taxation of estates and more. Worked examples are complemented by detailed explanatory notes and there are step-by-step guidelines on the layout of computations. Plus, full cross-referencing and comprehensive indexing further assist fast, effective research.

The book has been reviewed and updated for new case law and practice developments and for Finance Act 2019, both of which contain important changes to inheritance tax and the taxation of trusts. These include key changes to the legislation, such as the new rates of income tax/capital gains tax and limits for individuals, new rules on postponing CGT charge on emigration of a trust and also the new threshold for IHT residence nil-rate ban. There are also changes in relation to HMRC, including the four Trusts and Estates Newsletters with various admin announcements, and OTS – IHT review consultation.

Written by tax experts who are renowned not only for their technical skills but also for their ability to make sense of complex subjects.

Required reading for all students in professional tax examinations.