Course description
When a trust converts from a qualifying interest in possession trust (QIIP) to being inside the relevant property regime (RPR), calculating inheritance tax becomes particularly complex. When advising clients in this scenario, it is crucial that you fully understand the implications of the conversions so that you can accurately calculate the relevant tax.
Megan Saksida presents this succinct and informative webinar which will address these issues, demonstrating how to deal with conversion of a QIIP into the RPR, and the impact on the anniversary charge when it does so, including grossing up where relevant. It will include all the relevant legislation and some practical examples.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
Taxing IHT inside the relevant property trust regime can be complicated enough with a straightforward trust.
When the trust converts from a qualifying interest in possession trust (‘QIIP’) to being inside the relevant property regime (‘RPR’), the taxation calculations can get even more tricky.
This short webinar will address these issues, showing how to deal with the conversion of a QIIP into the RPR, and the impact on the anniversary charge when it does so, including grossing up where relevant.
The webinar will guide you through both the legislation and some practical examples.
What You Will Learn
This webinar will cover the following:
- Reminder of what is a QIIP and what is the relevant property regime
- How does a QIPP passing into the PRP impact the exit charge
- How does it impact the anniversary charge?
- Examples
Expenses
MBL Seminars Limited
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