Professional Training

An Introduction to Inheritance Tax & Capital Gains Tax for the Private Client Lawyer

BPP Professional Education, In London (+2 locations)
Length
1 day
Price
587 GBP
Next course start
18 October, 2024 See details
Course delivery
Self-Paced Online
Length
1 day
Price
587 GBP
Next course start
18 October, 2024 See details
Course delivery
Self-Paced Online

Course description

Overview

The course introduces delegates to the main principles of Inheritance tax and Capital Gains tax. It shows how the impact of each of the Capital taxes must be considered when advising on either tax. No prior knowledge is assumed, but the course will act as a useful update for those with some background knowledge. The course contains numerous examples and incorporates a comprehensive case study.

Who is this for?

This course will be of benefit to:

  • Newly qualified solicitors
  • Paralegals
  • Legal executives
  • Trainees
  • Solicitors who specialise in other areas of law but who would like an overview of the Inheritance Tax regime and its interaction with Capital Gains tax

What will you learn?

A review of a number of key areas of tax practice where there is always the potential for errors and mistakes to arise and some hints and tips on how to alleviate the risk of recurrence. The course covers:

  • The basic IHT regime and the effect of domicile
  • IHT on lifetime gifts and on death
  • Use of lifetime gifts in planning
  • Using the transferable nil rate band
  • Business Property Relief and Agriculture Property Relief
  • Relief for debts due on death after Finance Act 2013
  • Gifts with reservation and the pre owned assets tax charge
  • The basics of Capital Gains tax
  • Principle Private Residence/Only or Main Residence relief
  • Entrepreneurs’ relief
  • Capital Gains Tax and holdover relief for gifts
  • Interaction of IHT and CGT on setting up a trust
  • Tax charges during the lifetime of a trust
  • Interaction of IHT and CGT on assets leaving a trust
  • Basic IHT and CGT planning via trusts

PSC Elective

This course may be undertaken as a PSC elective, although it may also be attended by non-trainees.

SRA Competencies

B

Other related courses

An Introduction to Tax Issues for Wealthy Private Clients

Court of Protection Practice

Elderly Client Practice

Key Aspects of Wills and Estate Planning

Probate - Workshop

The Private Client Passport

Trusts - an essential guide

Will Writing Workshop

Wills - Introduction

Writing & Presenting Legal Advice To Your Clients

Do you work at this organisation and want to update this page?

Is there out-of-date information about your organisation or courses published here? Fill out this form to get in touch with us.

Upcoming start dates

1 start date available

18 October, 2024

  • Self-Paced Online
  • Online

Suitability - Who should attend?

This course will be of benefit to newly qualified solicitors, paralegals, legal executives, trainees, and solicitors who specialise in other areas of law but who would like an overview of the Inheritance Tax regime and its interaction with Capital Gains tax.

Outcome / Qualification etc.

  • The basic IHT regime and the effect of domicile.
  • IHT on lifetime gifts and on death.
  • Use of lifetime gifts in planning.
  • Using the transferable nil rate band.
  • Business Property Relief and Agricultural Property Relief.
  • Relief for debts due on death after Finance Act 2013.
  • Gifts with reservation and the pre owned assets tax charge.
  • The basics of Capital Gains tax.
  • Principal Private Residence/Only or Main Residence relief.
  • Entrepreneurs’ relief.
  • Capital Gains Tax and holdover relief for gifts.
  • Interaction of IHT and CGT on setting up a trust.
  • Tax charges during the lifetime of a trust.
  • Interaction of IHT and CGT on assets leaving a trust.
  • Basic IHT and CGT planning via trusts.

Get Inspired! Watch the Video

Ads