How to Complete IHT Forms - Best Practice & Managing the Tricky Issues

Introduction

Inheritance tax relies on self-assessment by the taxpayer and there are a myriad of forms that need to be considered.

This new full day course will look at the 40 different forms that need to be used to report to HMRC in relation to inheritance tax and is suitable for private client practitioners who want to be confident when completing these forms.

The course will consider the forms in detail including the supplementary forms.

It is suitable for those who provide advice to trustees, settlors, and executors on private client matters.

What You Will Learn

This course will cover the following:

• How to complete the inheritance tax forms
• What happens when incomplete information is available?
• Mitigating risk for the client
• What happens when beneficiaries will not assist?
• Penalty system for incorrect information
• Valuation issues
• How to deal with tricky areas - debts, domicile, and reliefs
• Relevant case law review