CPD Hours Level
Conference expert panelInformation 6 UpdateInformation
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SRA Competency B


This popular annual conference on inheritance tax will appeal to solicitors, tax advisors and accountants and will cover a wide range of topical issues from understanding the complexities of the Residential Nil Rate Band to an analysis of recent case law and the place of trusts within the current and possible future IHT structure.

Conference Agenda

This conference will cover the following:

9.30am - 10.15am: Inheritance Tax Case Law Update

Helen Forster, Legal Studio Solicitors

In an ever-changing area of law, it is important to keep up to date with the latest case law in the area and any precedents that follow from the same. This session will cover:

  • A summary of the latest case law on the subject
  • Resulting advice to be given to clients on the application of such case law
  • Guidance on how the case law affects day to day management of estates

10.15am - 11.00am: Use of Trusts in Wills & Variations for IHT Planning

John Bunker, Irwin Mitchell

The potential reforms of IHT proposed by the OTS, in their July 2019 report, would have a significant effect on how advisers plan to mitigate the tax. While we wait to see if any of those ideas are taken forward by the new Government, it is important to be clear about the place of trusts within the current IHT structure. Following the introduction of RNRB, variations within 2 years of death are increasingly important and so we will consider the planning with both wills and variations.

  • Exploring the different forms of trusts
  • How they can work for IHT
  • When they can be useful for IHT mitigation
  • The effect of the April 2018 DOTAS rules on trusts and planning

11.15am - 12.00pm: Residential Nil Rate Band (RNRB)

Chair: Jeremy Mindell, Primondell Ltd

The first full year of the residential nil rate band showed a surprisingly small number of estates benefitting from RNRB. This is possibly because of the complexity of the provisions for RNRB. This session takes the participants through the conditions for qualifying for this tax relief which will be worth up to £140,000 in saved IHT from next year. These include:

  • Downsizing relief
  • Eligible relatives
  • The taper on relief
  • Unused spousal relief
  • Interaction with main nil rate band

12.00pm - 12.45pm: Tax & the Family Home

Peter McGeown, Clifton Ingram LLP

Conventional tax planning wisdom holds that using the family home in tax planning should be avoided, yet for some clients there may be no alternative. This session will look at some options available and explore possible pitfalls. Topics covered will include:

  • Gift and leaseback arrangements
  • Sharing arrangements
  • Reversionary leases
  • Use of trusts
  • Review of old schemes and their current status

12.45pm - 1.00pm: Questions on Morning Session

2.00pm - 2.50pm: IHT Planning in the Course of Estate Administration

John Bunker, Irwin Mitchell

Administration of estates can be treated as routine work, but real opportunities can be missed if not careful. Real value can be added to probate work with pro-active advice on the many IHT planning elements that can arise. This session will explore these issues:

  • Loss reliefs and handling mixed losses and gains
  • How to use appropriations for properties and shares to maximise loss reliefs
  • Variations within 2 years of death: using sections 142, 144, and not forgetting s.143, IHTA 1984
  • Planning to maximise the lower IHT rate on 10% of estates to charities
  • The value of RNRB and other reliefs through variations

2.50pm - 3.40pm: Domicile & IHT

Ben Symons, Field Court Chambers

Determining an individual’s domicile is potentially a complex matter. However, it is crucial for inheritance tax planning purposes. A non-domiciled individual is only subject to inheritance tax on their UK assets. A non-domiciled individual does not have to pay inheritance tax on their overseas assets. If an individual is non-domiciled, this can mean they obtain significant relief from inheritance tax. However, legislation has been introduced in recent years to try and cut back this privilege.

This session will cover:

  • Determination of an individual’s domicile
  • Inheritance tax consequences for domiciled and non-domiciled individuals
  • Deemed domiciled rules - attempts to cut down the privileges of non-domiciled individuals
  • Domicile planning - planning and evidencing a change of domicile

3.55pm - 4.45pm: Business Property Relief (BPR) - Opportunities & Pitfalls

Jeremy Mindell, Primondell Ltd

Business Property Relief is one of the most valuable reliefs as it is normally given at 100% and is of an unlimited amount. This session explores how BPR can be claimed but also how it can be lost. This includes conditions for claiming BPR.

  • Incorporated versus unincorporated businesses
  • Trading versus investment businesses
  • Interaction of PETs and BPR
  • Interaction of APR and BPR
  • Furnished holiday lets and BPR

4.45pm - Close: Questions & Answers

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Discounts are available for multiple conference places. Please telephone 0161 793 0984 or information@mblseminars.com for details.
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