Administration of Estates - A Problem Solving Workshop

Introduction

Most private client practitioners are aware of the basics for administering an estate - for example, how to apply for probate and how to collect in assets.

However, in complex administrations there are far more considerations to take into account.

This full day in-person seminar is designed not to simply ‘run through’ the rules, but will provide case studies and walk-through calculations to assist you in administering those estates where things are not as straightforward!

What You Will Learn

This course will cover the following:

• The application of the nil rate band and residence nil rate band
• Exemptions
• Business property relief and agricultural property relief
• Gifts out of income and allowable gifts
• Calculating quick succession relief
• Exemptions for armed forces - section 154
• Potentially exempt transfers and chargeable lifetime transfers
• Applying the backwards shadow and taper relief
• Applying the rules - grossing up an lifetime transfers
• Gifts with reservation of benefit
• Pre-owned asset tax - the calculation
• Calculating income tax and capital gains tax
• When to fill in a return
• Trust registration service and administration of estates
• Paying tax and clearance