Professional Training

Inheritance Tax, Wills and Probate

Length
3 hours
Length
3 hours
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Course description

For landlords who have built significant assets and wealth a secure understanding of IHT, its reliefs and exemptions is essential when considering tax planning. IHT is levied at 40%, so early planning is key to protecting your family and preserving your business for the next generation. The course will explain how IHT is calculated, its processes, reliefs and exemptions. The trainer will share user friendly worked examples to illustrate how it is calculated and will use ground-breaking visual diagrams. The trainer will link key tax efficient lifetime strategies and options to the mitigation of IHT.

Suitability - Who should attend?

 

  • Landlords considering lifetime options to reduce IHT
  • Landlords wishing to understand IHT and its relationship to CGT
  • Landlords wishing to plan to protect small businesses and seeking to consider efficient tax planning 
  • Landlords of small or large portfolios
  •  

    Outcome / Qualification etc.

    CPD Points Awarded 2 standard


     

  • To understand the principles and concepts of IHT 
  • To know how to mitigate IHT  
  • Learn how to use reliefs, exemptions and key planning strategies to mitigate IHT
  •  

    Training Course Content

     

  • Concepts and principles of IHT
  • Key reliefs and exemptions and the impact of lifetime planning strategies
  • Lifetime gifts to reduce an estate
  • Key importance of wills, their validity and resilience 
  • How to reduce your estate’s liability during your lifetime
  • When IHT is due and who is responsible for reporting and paying it 
  • How an estate is valued on death 
  • How business structures and planning strategies can mitigate IHT liability for families 
  • The relationship between CGT and IHT – strategies to manage your IHT
  • The use of trusts in managing IHT liability
  •  

    Expenses

    Member Price: from £30.80, Non Member Price: from £36.40

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    National Residential Landlord Association
    Suite 323, The Tootal Buildings
    Broadhurst House, 56 Oxford Street
    M1 6EU Manchester

    National Residential Landlord Association

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