Back to Basics: Inheritance Tax

To familiarise participants with the principles of inheritance tax for individuals and trusts focussing on fundamental computational aspects. Some basic planning points will be introduced but the course is primarily aimed at ensuring the fundamental framework is understood.

The course will include:

• General overview
• Lifetime transfers
• General valuation principles
• Exemptions
• BPR and APR
• Other reliefs including post mortem reliefs
• Occasions of charge for trusts
• Administration
• Case studies

Participants should bring a calculator.