Course description
Presented by private client expert Julie Bell, this virtual classroom seminar will explain the tax implications of trusts owning property, whether held as an asset for a beneficiary to occupy, or as an income producing asset.
The session will consider both residential and commercial property, and is suitable for those who provide advice to trustees or individuals on private client matters.
Join Julie as she explores the mitigation trustees may be able to take on SDLT, capital gains tax, income tax, and inheritance tax.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This new virtual classroom seminar will explain the tax implications of trusts owning property, whether held as an asset for a beneficiary to occupy, or as an income producing asset.
Often the most valuable asset within a trust is property and the interactions of the different taxes can be complicated.
Will trusts often include property to provide a home for a beneficiary but ensuring the capital goes elsewhere on second death. It is vital that testators understand the tax implications of their decisions.
The session will consider both residential and commercial property.
It is suitable for those who provide advice to trustees or individuals on private client matters.
What You Will Learn
This live and interactive session will look at the following taxes and what, if any, mitigation trustees can take:
- Stamp Duty Land Tax - losing first time buyers exemption
- Capital Gains Tax:
- Principal private residence relief
- When is it available?
- Income Tax:
- Paying tax at the most efficient rate
- What options are there?
- Inheritance Tax - the instalment option
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...