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You are here: Course Outline

IHT and Tax of Trusts Update

Credits:2View Alternative Price Options
Course Code: 2906
No Dates Scheduled
If you would like to book this course please call us on 01752 725700 to discuss your requirements.

Who Should Attend

Partner / Manager / Junior
This course will benefit general practitioners who would like increase their opportunities for advising clients on how to minimise their current and potential inheritance tax liabilities, including the use of trusts.

This course will also benefit general practitioners who already have trusts clients and would like to be more proactive in advising them on the tax efficient management of existing trusts.

Course Content

This course will act as an update and refresher on some important inheritance tax matters.  Consideration will also be given to IHT tax planning and ways to reduce our clients’ potential exposure to inheritance tax.

In addition, an update and refresher will be given on trusts which will inspire practitioners to see the benefits of trusts and why they are still a useful tax planning and practical tool for our clients in the quest to offer protection of wealth and minimising potential tax liabilities.

IHT has gone through a number of recent changes, notably the introduction of the new relief for the main residential property as well as the new regime for non-UK domiciles coming into effect in April 2017.

In addition, the Government has made it clear that it intends to levy IHT on all UK residential, irrespective of how it is held. The course will look at the effect of these changes on IHT planning.

The course will include a review of relevant tax cases to consider when planning and will include examples and illustrations to make this a practical and informative course.

The course will include:

  • Recent IHT updates and developments
  • The new relief for the main residence (RNRB)
  • Lifetime planning to minimise potential IHT liabilities - maximising reliefs and exemptions
  • Family provision – in a practical and tax efficient manner
  • Transferable nil rate bands
  • Post death variations – including how a trust can be useful
  • IHT and the family home 
  • IHT and the family business, including Business Property Relief 
  • Using trusts for inheritance tax purposes
  • Managing our trusts – planning when to make income and capital distributions
  • Case studies showing how IHT planning can save clients substantial amounts 
  • Recent case law concerning Business Property Relief and other IHT items
  • Domicile – the new rules for non-UK domiciliaries

The course outline above relates to the 2017 course only. The course content for any webinar recordings prior to 2017 may vary.