IHT & Trusts - Advanced Aspects with Robert Jamieson

Introduction

This comprehensive full day in-person course will examine, and comment on, a wide range of topical IHT matters.

The course will focus particularly on the rules dealing with relevant business property, private residences, and UK-based trusts.

It is suitable for professionals who are required to give personal tax advice to their clients on a variety of IHT matters.

What You Will Learn

This course will cover the following:

• The residence changeover for IHT
• Business and agricultural reliefs - the main changes for individuals
• The position facing relevant property trusts
• Transferable 100% relief allowances
• Lifetime transfers and anti-forestalling
• Further amendments to the IHT code
• Standardisation of exit charges
• Some foibles with the revised relief regime for trusts
• Final thoughts for farmers
• The problems of funding IHT under the latest business and agricultural relief provisions
• Deathbed planning - rights issues
• Other trading issues
• Excepted assets
• Freezing operations
• Normal gifts out of income
• Income gifts to fund trusts
• Home sharing arrangements
• Is there still some life for home loan schemes?
• Unused pension funds and death benefits
• Tax planning following the IHT changes to pension death benefits
• Some initial thoughts on 10-year anniversary and exit charges
• Case studies showing calculations of exit and 10-year anniversary charges
• IHT taper relief on failed PETs of relevant business property
• Case study on exit charge involving business property before first 10-year anniversary
• New IHT100 forms
• Tax planning for trusts
• Are pilot trusts still worthwhile?
• Pilot trusts and the attraction of S81 IHTA 1984
• Exploiting the limitations of S67 IHTA 1984
• Related settlements
• Silver divorces