Inheritance Tax Reliefs - A Practical Introduction

Introduction

Understanding which Inheritance Tax (‘IHT’) reliefs may be available is an important part of advising on and administering estates. While exemptions can mean that IHT is not payable on certain transfers, reliefs can reduce the amount of tax due and may have a significant impact on the overall IHT liability.

This practical and interactive new virtual classroom seminar provides an introduction to key IHT reliefs, explaining when they may apply and how they affect the calculation of IHT. Worked examples and calculations will help delegates develop a clearer understanding of how the reliefs operate in practice.

The session will be particularly useful for practitioners involved in estate administration but will also benefit those advising clients on estate planning who need to understand the reliefs available and answer common questions about their potential application.

What You Will Learn

This live and interactive session will cover the following:

• Taper relief and how it can reduce IHT on lifetime gifts
• Fall in value relief and when it may be available
• Quick succession relief and its impact on IHT where assets pass through successive estates
• Post-death loss on sale relief in relation to shares
• Post-death loss on sale relief in relation to land
• Worked examples and calculations illustrating how these reliefs operate in practice

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.