CLTs Unpacked - Lifetime Transfers, Death & the ‘Backwards Shadow’

Introduction

The most common chargeable lifetime transfer (‘CLT’) encountered by private client practitioners is the transfer of assets into a trust.

However, not all transfers are straightforward. Even gifts that appear simple can become complex where the donor dies within seven years, triggering the need to consider the ‘backwards shadow’ and its tax implications.

Understanding how the backwards shadow operates (when it must be applied and how far its effects can reach) is essential for accurate lifetime transfer planning and effective inheritance tax advice.

Join this new virtual classroom seminar to explore the backwards shadow in detail, clarify when it applies and gain practical insight into its scope and impact.

What You Will Learn

This live and interactive course will cover the following:

• What is a CLT/IHT backwards shadow?
• What happens to a CLT during lifetime?
• What happens to a CLT on death?
• Backwards shadow examples and calculations

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.