Course description
There are very few assets that are exempt from inheritance tax (IHT), but there are some IHT reliefs available. Tax legislation is increasingly complicated and the protection of the beneficiary must be foremost in any practitioners mind.
Delivered in 6 parts, this modular webinar with private client specialist Megan Saksida covers some of those reliefs, including examples and calculations to aid understanding. Module 1 will look at when IHT is charged; module 2 will cover valuing the transfer; module 3 will cover exemptions to transfers; module 4 will look at additional tax on lifetime transfers and failed PETs; and modules 5 and 6 will cover the estate upon death, including post- mortem relief, residence nil rate band, treatment of loans, and more.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
There are very few assets that are exempt from inheritance tax (IHT), but there are some IHT reliefs available.
This 6-part modular webinar covers some of those reliefs, including examples and calculations to aid understanding.
Tax legislation is increasingly complicated and the protection of the beneficiary must be foremost in any practitioners mind.
What You Will Learn
This modular webinar will cover the following:
Module 1 - When is IHT Charged?
- Common law domicile
- Deemed domicile
- Domicile tails
Module 2 - Valuing the Transfer
- Loss to donor rules
- Related property rules
- What is a PET and what is a CLT?
Module 3 - Exemptions to Transfers
- Excluded property
- Ignored transfers
- Exemptions
Module 4 - Additional Tax on Lifetime Transfers & Failed PETs
- Taper relief
- Fall in value relief
- Transferable nil rate band
Module 5 - The Death Estate - Part One
- Valuation of assets
- Treatment of loans
- Residence nil rate band
- Offsetting liabilities
Module 6 - The Death Estate - Part Two
- Quick succession relief
- Post-mortem relief - shares
- Post-mortem relief - land and buildings
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...