Financial Skills: Tax: Inheritance Tax

Course Overview

This course is intended for newcomers to inheritance tax and those who need a refresher. It is a practical course covering the general principles and computational aspects of inheritance tax. Practical ways of minimising the potential inheritance tax burden will be examined.

Course Outline

• The basis of charge on transfers by individuals
• The concept of 'grossing up'
• Calculation of tax liability on lifetime transfer and on death
• Maximisation of reliefs and exemptions
• Will planning/deeds of family arrangement
• The family business
• Landowners and farmers
• Avoiding the gifts with reservation of benefits rules
• The family home
• Anti-avoidance pitfalls

Financial Skills: Tax: Inheritance Tax / Inheritanc