An Introduction To Inheritance Tax & Capital Gains Tax For The Private Client Lawyer

Timing 9.30 – 5.00

Delegates

This course will be of benefit to newly qualified solicitors, paralegals, legal executives, trainees, and solicitors who specialise in other areas of law but who would like an overview of the Inheritance Tax regime and its interaction with Capital Gains tax.

Overview

The course introduces delegates to the main principles of Inheritance tax and Capital Gains tax. It shows how the impact of each of the capital taxes must be considered when advising on either tax. No prior knowledge is assumed, but the course will act as a useful update for those with some background knowledge. The course contains numerous examples and incorporates a comprehensive case study.

Learning outcomes include a greater understanding of:

• The basic IHT regime and the effect of domicile.
• IHT on lifetime gifts and on death.
• Use of lifetime gifts in planning.
• Using the transferable nil rate band.
• Business Property Relief and Agricultural Property Relief.
• Relief for debts due on death after Finance Act 2020.
• Gifts with reservation and the pre owned assets tax charge.
• The basics of Capital Gains tax.
• Principal Private Residence/Only or Main Residence relief.
• Entrepreneurs’ relief.
• Capital Gains Tax and holdover relief for gifts.
• Interaction of IHT and CGT on setting up a trust.
• Tax charges during the lifetime of a trust.
• Interaction of IHT and CGT on assets leaving a trust.
• Basic IHT and CGT planning via trusts.

"A CPD certificate of completion will be provided by BPP Professional Education Limited upon request, following attendance."

Approved for accreditation by the Bar Standards Board

Course Dates

Location	Dates	Time	Availability
London	29 Oct 2020	9:30 AM - 5:00 PM	Spaces

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If you would like any further information on any of the electives please call us on 2020 226 2422 or email [email protected]