Inheritance Tax 2015/16 provides a clearly structured analysis of the major inheritance tax (IHT) provisions together with the tips and planning techniques needed to apply them successfully and avoid potential pitfalls. This essential guide to inheritance tax helps you navigate progressively through the complexities of this increasingly difficult subject. It starts with the basic rules and principles before looking at topics in more depth. Whatever your level of expertise and experience, this book will be a valuable addition to your practice library. Subjects covered in Inheritance Tax 2015/16 include: Gifts with reservation of benefit, Taxation of trusts (pre and post-FA 2006), Exemptions and excluded property, BPR and APR, Wills and estate planning, The family home, Lifetime transfers, Valuation of assets, Compliance, Reliefs, Transferable nil rate band, Pre-owned assets This year's edition, which is updated for the two Finance Acts in 2015, comments on new proposals to be introduced in Finance Act 2016, reflects new and amended HMRC guidance and also features commentary on: An increased nil rate band (or 'residence nil rate band') where a home is passed on death to lineal descendants from 6 April 2017, Changes in the calculation of the IHT rate on settled property, Distributions from will trusts - an end to the 'Frankland trap', Exemptions for decorations and other awards, emergency service personnel, etc. HMRC practice and consultations etc, including in relation to deeds of variation, Relevant case law, including Routier v HMRC and Green v HMRC This accessible reference guide has a user-friendly structure with 'signposts' at the beginning of each chapter to summarise key topics and 'focus points' throughout to highlight important issues. Numerous worked examples demonstrate how to apply the main principles in practice and all examples are listed in a table at the beginning for quick navigation. Book jacket.