Suchergebnisse

Intro -- Contents -- About the Author -- Abbreviations -- Preface -- Introduction -- Part 1: A Detailed Overview of the Inheritance Tax Regime -- 1.1 A reminder -- 1.2 IHT in a nutshell (transfers of value) -- 1.3 The meaning of domicile -- 1.4 The geographical ambit of IHT -- 1.5 The nil-rate band and the rate of IHT -- 1.6 The ticking seven-year clock -- 1.7 Many nil-rate bands -- 1.8 The spouse/civil partner exemption -- 1.9 The transferable nil-rate band -- 1.10 Using up the transferable nil-rate band -- 1.11 Multiple transferable nil-rate bands? -- 1.12 Maximising the tax savings from transerable nil-rate bands -- 1.13 Evidential issues raised by transferable nil-rate bands -- 1.14 More on domicile -- 1.15 The IHT charge on gifts (PETs and chargeable transfers) -- 1.16 Exemptions (transfers that are exempt from IHT) -- 1.17 Reliefs available in respect of inheritance tax -- 1.18 Capital gains tax (CGT) -- 1.19 Associated operations -- 1.20 Gifts with a reservation of benefit -- 1.21 Pre-owned assets -- 1.22 Wills -- 1.23 Severance of tenancy -- 1.24 Trusts -- 1.25 Valuing assets for IHT purposes -- 1.26 Conclusion of Part 1 -- Part 2: Planning During Your Lifetime to Reduce the Burden of Inheritance Tax on Your Death -- 2.1 Evaluating relevance of tax planning -- 2.2 Basic tax-planning solutions -- 2.3 Discounted gift schemes -- 2.4 Loan trusts -- 2.5 Making use of the CGT annual exemption of your spouse or civil partner -- 2.6 Using trusts to mitigate both CGT and IHT -- 2.7 Sale and purchase of smaller replacement home -- 2.8 Gifting part of your home -- 2.9 Severing and gifting part of your home -- 2.10 Commercial arrangements and the family home -- 2.11 Gift and leaseback of the family home -- 2.12 Will arrangements for couples living as partners -- 2.13 Business property: AIM/USM shares -- 2.14 Sheltering assets in the family.

Contents -- Preface -- Chapter 1. The Family and Inheritance Study in Perspective -- Introduction -- The Concept of Testamentary Freedom -- Family Continuity -- The Interest of Society, Probate Court, and Lawyers in Inheritance -- Contents -- Chapter 2. Inheritance and the Legal Prpcess -- Intestate Succession -- Testate Succession -- The Will Substitutes -- Conclusion -- Chapter 3. Perspectives and Design of Inheritance Study -- Previous Probate Studies -- Theoretical Perspectives -- Study Design -- Conclusion -- Chapter 4. Testacy Versus Intestacy -- Proportion of Testate Cases

The significance of Tokugawa Japan -- The origins of Tokugawa Japan -- The age of Ieyasu -- The century of construction -- The flourishing of Tokugawa culture -- Toward the end of an era -- The natural and spiritual foundation of Japanese culture -- The relevance of Tokugawa Japan in the age of globalization

We incorporate the fact that inheritances create a second distinguishing characteristic of individuals, in addition to earning abilities, into an optimum income taxation model with bequests motivated by joy of giving. We show that a tax on inheritances and a uniform tax on all expenditures including bequests are equivalent and that either is desirable, according to an intertemporal social objective, if on average high-able individuals have larger inherited endowments than low-able. We demonstrate that such a situation results as the outcome of a process with stochastic transition of abilities over generations, if all descendants are more probable to have their parent's ability rank than any other.

"We present a mechanism to analytically generate a double Pareto distribution of wealth in a continuous time OLG model with optimizing agents who have bequest motives, are subject to stochastic returns on capital and have uncertain lifespans. We disentangle, roughly, the contribution of inheritance, age and stochastic rates of capital return to wealth inequality, in particular to the Gini coefficient. We investigate the role of the fiscal and redistributive policies for wealth inequality and social welfare"--National Bureau of Economic Research web site