Inheritance Tax

Please note due to current restrictions, this course will be delivered online as an eClassroom course.

What we will cover:

  • Basic principles of IHT, including what triggers an IHT charge – either on death or during your lifetime 
  • How the tax is calculated – both on death and on chargeable lifetime transfers 
  • When is IHT due and who is responsible for reporting and paying it 
  • Key exemptions and reliefs, how they apply in the context of residential landlords, and how to make the most of them 
  • IHT pitfalls to be aware of and how to avoid them 
  • Understanding trusts and how they can be used in IHT planning 
  • Other popular IHT planning techniques 
Course TypeClassroom
Who's it for?Landlords
Estimated DurationHalf day
CPD Points Awarded2 standard
From £50 for NRLA Members.
From £62 for non-members.
e-classroom - 3 hour course
Thursday 19th November 2020
13:3016:30

Objectives

  • Understand the basic concepts of IHT 
  • Demonstrate how to mitigate your IHT exposure and protect your family 
  • Awareness of available reliefs and exemptions 

Background

IHT can take up to 40% of your family's rightful inheritance and can lead to the breakup of a successful property business. Early planning is the key to protecting your family and preserving your business for the next generation. The course will explain the theory behind IHT and the trainer will use various worked examples to illustrate how it is calculated and the level of exposure landlords have to the tax. You will learn about the reliefs and exemptions you need to be aware of and gain knowledge on the workings of IHT, along with hints and tips for reducing your family’s eventual tax bill. 

This training course qualifies for 2 continuous professional development (CPD) points which can help towards or maintain your accreditation with the NRLA. If you are interested in becoming an accredited landlord with the NRLA, CPD points are necessary to achieve that status. 

NRLA Accreditation recognises landlords who have agreed to maintain professional standards in the management and maintenance of their rented property and deal fairly and professionally with their tenants. Accredited members demonstrate their knowledge and understanding of their responsibilities and obligations and strive to maintain, increase and improve their knowledge of the market through training and development. CPD points are awarded for all activities which improve those attributes and are a requisite of membership of the NRLA Accreditation Scheme.  

For more details visit the accreditation section on the website. 

Suitable for

  • Landlords wishing to protect their family or heirs
  • Landlords seeking to preserve their business for the next generation
  • Landlords planning for the future: in retirement and after death

Inheritance Tax

Classroom Training

From £50 for NRLA Members.
From £62 for non-members.