Raboni v HMRC - An Update for Private Client Advisors

Introduction

The recent case of Raboni v HMRC highlights a number of key issues that private client advisors should be aware of.

While the case itself centred on what constitutes an interest in possession for UK inheritance tax purposes, the more pertinent question regarded the duty to pay inheritance tax.

When advising clients on their estate planning it is important to identify not only when inheritance tax may fall due but also how any such liabilities should be paid for.

This short webinar is aimed at anyone advising private individuals on their estate planning and/or responsible for the preparation of testamentary documentation.

What You Will Learn

This webinar will cover the following:

• The decision in Raboni and its implications for will drafters
• The main trigger points for when UK inheritance may fall due both for individuals and for trustees
• Consideration of who has responsibility for paying an inheritance tax charge and what happens where more than one person has responsibility for payment
• Options for ensuring sufficient liquidity to pay inheritance tax liabilities including loans and life assurance

This webinar was recorded on 26th June 2023