Using Deeds of Appropriation in Estates - A Bite-Sized Guide to the Benefits

Introduction

Private client practitioners are now more likely than ever to consider capital gains tax mitigation in estates as a result of the recent reduction in the executor’s allowance.

This short webinar will explore the benefits of using a deed of appropriation to address the capital gains tax liability.

It will also consider how and when it should be used for charities and non-resident beneficiaries and explain how it will impact the beneficiaries personally once appropriation takes place.

What You Will Learn

• What are the benefits of a deed of appropriation?
• Why are they used and how can they improve the capital gains tax position?
• Power of personal representatives
• How do they work?
• How do they apply to charities and non-resident beneficiaries?
• Value of assets appropriated
• Beneficiaries’ obligations post deed of appropriation
• Losses and gains post death - use of appropriation to minimise capital gains tax

This webinar was recorded on 5th September 2023