Course description
Most private client practitioners are aware of the basics for administering an estate - for example, how to apply for probate and how to collect in assets. However, in complex administrations there are far more considerations to take into account.
This in-person seminar presented by Helen Forster is designed not to simply ‘run through’ the rules, but will provide case studies and walk-through calculations to assist you in administering those estates where things are not as straightforward!
It will include application of the nil rate band and residence nil rate band, business property relief and agricultural property relief, calculating quick succession relief, exemptions for armed forces - section 154, potentially exempt transfers and chargeable lifetime transfers, and more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Most private client practitioners are aware of the basics for administering an estate - for example, how to apply for probate and how to collect in assets.
However, in complex administrations there are far more considerations to take into account.
This full day in-person seminar is designed not to simply ‘run through’ the rules, but will provide case studies and walk-through calculations to assist you in administering those estates where things are not as straightforward!
What You Will Learn
This course will cover the following:
- The application of the nil rate band and residence nil rate band
- Exemptions
- Business property relief and agricultural property relief
- Gifts out of income and allowable gifts
- Calculating quick succession relief
- Exemptions for armed forces - section 154
- Potentially exempt transfers and chargeable lifetime transfers
- Applying the backwards shadow and taper relief
- Applying the rules - grossing up an lifetime transfers
- Gifts with reservation of benefit
- Pre-owned asset tax - the calculation
- Calculating income tax and capital gains tax
- When to fill in a return
- Trust registration service and administration of estates
- Paying tax and clearance
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...