Inheritance Tax, Wills and Probate

What we will cover:

  • Concepts and principles of IHT
  • Key reliefs and exemptions and the impact of lifetime planning strategies
  • Lifetime gifts to reduce an estate
  • Key importance of wills, their validity and resilience 
  • How to reduce your estate’s liability during your lifetime
  • When IHT is due and who is responsible for reporting and paying it 
  • How an estate is valued on death 
  • How business structures and planning strategies can mitigate IHT liability for families 
  • The relationship between CGT and IHT – strategies to manage your IHT
  • The use of trusts in managing IHT liability
Who's it for?Landlords
CPD Points Awarded2 standard
£55 for NRLA Members.
£68 for non-members.
Prices include VAT
eClassroom
Wednesday 12th June 2024
13:3016:30
Members: £55
Non Members: £68
eClassroom
Wednesday 10th July 2024
09:3012:30
Members: £55
Non Members: £68
eClassroom
Tuesday 20th August 2024
13:3016:30
Members: £55
Non Members: £68
eClassroom
Wednesday 4th September 2024
13:3016:30
Members: £55
Non Members: £68

Please note due to copyright law a pack of the key slides will be made available after the course. The eCLassroom course format is not recorded for the same reason.

Objectives

  • To understand the principles and concepts of IHT 
  • To know how to mitigate IHT  
  • Learn how to use reliefs, exemptions and key planning strategies to mitigate IHT

Background

For landlords who have built significant assets and wealth a secure understanding of IHT, its reliefs and exemptions is essential when considering tax planning. IHT is levied at 40%, so early planning is key to protecting your family and preserving your business for the next generation. The course will explain how IHT is calculated, its processes, reliefs and exemptions. The trainer will share user friendly worked examples to illustrate how it is calculated and will use ground-breaking visual diagrams. The trainer will link key tax efficient lifetime strategies and options to the mitigation of IHT.

Please note: The course materials for this course will be emailed out after the course has taken place and the eClassroom version of this course is not recorded.

This training course qualifies for 3 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 considering lifetime options to reduce IHT
  • Landlords wishing to understand IHT and its relationship to CGT
  • Landlords wishing to plan to protect small businesses and seeking to consider efficient tax planning 
  • Landlords of small or large portfolios