US/UK Private Client Tax Planning

This book provides private client tax practitioners with a clearly written and practical guide to assist them in advising high net worth individuals who have UK or US residence, assets or family members, on the effective management of their finances.The book is split into two distinct sections, the first giving an overview of the legislation advisers are likely to need to be aware of when talking to clients who may be exposed to both UK and US taxation.The second part applies the legislation to specific planning situations.These might include estate planning advice taking account of exposure to UK IHT and US estate taxes; tax efficient charitable giving where there is dual exposure to US and UK taxation; administration of international estates that include US and UK assets; and ongoing tax advice with reference to US-UK double tax treaties. The commentary reflects recent relevant changes to tax legislation in the United Kingdom such as to the non-resident landlord scheme rules; alterat