Published: 26 January, 1996
This well-respected publication continues to provide excellent advice and guidance on how trustees and administrators of estates might best meet their taxation obligations. Mellows follows chronologically the phases in which an executor or administrator may be required to deal with income tax, inheritance tax and capital gains tax, i.e. settling the deceased's personal tax liability, administering the estate and related trusts, undertaking post-death tax planning and distributing funds.
Well known for its logical approach to a complex subject, this looseleaf:
* is updated three times a year to ensure currency
* provides explanation and practical consequences for executors and trustees, with worked examples of all the main computations likely to be encountered in practice
* gives an overview of the ideas upon which the applicable law is based, to enable executors and trustees to make informed decisions in areas not specifically dealt with by the legislation
Contents:
Part I: Settling the deceased’s personal tax liability
Part II: Inheritance tax liability on death
Part III: The administration of the estate
Part IV: General considerations affecting the taxation of trusts
Part V: The creation of a trust in lifetime
Part VI: Income and chargeable gains treated as that of the settlor
Part VII: The administration of a trust - income tax and capital gains tax
Part VIII: Administration of a trust - inheritance tax
Part IX: Special topics
Appendices