Back to Basics IHT (including forms)

This course will familiarise participants with the principles of inheritance tax for individuals and trusts.   

Understanding the fundamental framework is critical before tax planning can be considered so whilst some basic planning points will be introduced, the course is primarily aimed at covering the fundamental structural, computational and compliance requirements. 

Content 

• The importance of domicile 
• IHT chargeable events and key concepts 
• Exempt transfers 
• The death estate – valuation and computation 
• IHT reliefs  
• Lifetime gifts - exemptions and computations   
• Excepted estates identification and reporting  
• The IHT 400
• Overview of  IHT occasions of charge for trusts  

Participants need a calculator as practical exercises are an integral feature of the course.

The above content relates to 2023 only.