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Pre-Owned Assets - Capital Tax Planning in the New Era

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The Finance Act 2004 introduced a new tax to be applied to pre-owned assets. The tax is designed to clamp down on inheritance tax avoidance schemes used by estate planners by applying an income tax charge on assets instead. The rules will be applied 'retro-actively' from 1986, which means that those who legitimately applied legal estate planning measures to reduce their inheritance tax bill will be captured. * Explains the impact of the new pre-owned assets income tax charge introduced by the Finance Act 2004 * Provides ...

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Pre-Owned Assets - Capital Tax Planning in the New Era 2004, Sweet & Maxwell, London

ISBN-13: 9780421895607

Paperback