Lifetime Gifts & IHT - The Current Legal Landscape

Introduction

This short webinar will provide you with an update on lifetime gifts and inheritance tax, focusing on recent case law and developments.

It will highlight key judicial decisions shaping PETs, CLTs, APR/BPR, and the interpretation of lifetime transfers, providing practitioners with a clear view of the current legal landscape.

What You Will Learn

This webinar will cover the following:

• Key case law:
• Lorenz v Caruana - Secret trusts and the enforceability of alleged lifetime gift intentions; courts scrutinising formal wills versus actual donor intentions
• Afsha Chugtai v HMRC - Retained benefit/GWR; gifts pulled back where the donor continued to enjoy assets
• Elborne v HMRC - Historic trust/home-loan arrangements challenged; illustrates HMRC and tribunal focus on old planning schemes
• Other notable developments - updates to APR/BPR rules and their effect on lifetime transfers
• Practical takeaways for advisers:
• Key trends in court reasoning affecting lifetime transfers
• Changes in planning with agricultural and business property reliefs