There have been significant developments concerning the substantive law of inheritance tax since the last edition of this book. Of the statutory changes which have been made, most significant include the imposition of a single rate of tax. Together with the amendments to the rates of Capital Gains Tax and hold-over relief, this book covers the impact on certain aspects of estate-planning. It has been revised to include the Finance Act 1989, and to cover the new change of rates on inheritance tax. It also analyzes potential exempt transfers, provides worked examples, new threshold rate tables and Inland Revenue Publications illustrating points of reference. Attention is paid to the practice of the Capital Taxes Office, in particular its understanding of the reservation of benefit provisions and the book also contains some consideration of the House of Lords' views on certain examples of case law and on aspects of the associated operations rule.
