Course description
Presented by barrister Simon Douglas, this full day course will introduce you to the basics of inheritance tax.
You will find out how to calculate inheritance tax on a standard death estate, as well as understand how lifetime gifts and trusts are taxed. You will also receive tips on estate planning, and basic steps that can be used to mitigate IHT. More ‘difficult’ areas of IHT, such as grossing up legacies and the reduced IHT rate for charitable gifts, will also be covered with clear and understandable examples.
This introductory course is suitable for anyone starting out in private client practice, as well as anyone who feels they would benefit from a refresher on the basics of IHT.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This new full day course will introduce you to the basics of inheritance tax.
You will find out how to calculate inheritance tax on a standard death estate, as well as understand how lifetime gifts and trusts are taxed.
You will also receive tips on estate planning, and basic steps that can be used to mitigate IHT.
More ‘difficult’ areas of IHT, such as grossing up legacies and the reduced IHT rate for charitable gifts, will also be covered with clear and understandable examples.
This introductory course is suitable for anyone starting out in private client practice, as well as anyone who feels they would benefit from a refresher on the basics of IHT.
What You Will Learn
This course will cover the following:
- Loss to donor principle
- Chargeable transfers and PETs
- Nil rate band and residence nil rate band
- Valuing legacies (including grossing up)
- Charitable gifts and the 36% rate
- APR and BPR
- Reservation of benefit
- IHT charges on trusts
- Domicile and overseas issues
- Administration
Expenses
MBL Seminars Limited
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