The Inheritance Tax Rules - Key Issues & Traps for the Unwary

Introduction

This webinar will look at the primary inheritance tax issues arising for probate practitioners during the administration of an estate.

It will include a review of particularly important traps for the unwary to be avoided.

The webinar is also suitable for junior accountants.

What You Will Learn

This webinar will cover the following:

• The key ‘rules’ of inheritance tax
• The effect of lifetime gifts
• The liability for inheritance tax - who pays?
• Responsibilities of executors/administrators
• Assets which are exempt or partially exempt on death including the effect of business property relief and agricultural property relief
• The treatment of trusts in calculating inheritance tax liabilities on death
• Post death variations
• HMRC investigations
• Obtaining inheritance tax clearance