- Update/Intermediate * 3 hours CPD
This practical course concentrates on difficult IHT calculations in a practical context and will include helpful case studies with calculations and solutions.
The course will cover:
- Identifying the amount chargeable to tax - the loss to estate principle
- Failed PETs - allowing for exemptions
- Taper relief
- QSR
- Transfer of unused NRB to spouse/civil partner as under Finance Act 2008
- Valuing the deceased's estate (including joint assets and trusts) and calculating the tax
- Sale of deceased's assets at a loss
- What part of the deceased’s estate bears the tax?
- Grossing up legacies
- How to avoid penalties