IHT in Discretionary Trusts - Practical Insights for Private Client Professionals

Introduction

Are you prepared for the evolving complexities of inheritance tax in relevant property trusts?

With upcoming changes affecting business and agricultural assets, more trusts than ever will be subject to intricate IHT calculations. Navigating the tax rules and procedures can be challenging, especially when dealing with periodic charges and changes to trust assets.

Join our expert-led, in-person seminar where we will demystify the entire IHT process for relevant property trusts. You will gain practical insights into managing tax at every stage - from setting up the trust, to adding or removing assets, and handling the ten-year periodic charges.

Reserve your place now and ensure you are equipped to manage these complex tax obligations with confidence.

What You Will Learn

This course will cover the following:

• How to calculate the initial value of the trust
• Valuations
• The calculation of exit charges and how they differ depending on when the exits are made
• Calculating the effective interest
• How to deal with BPR and APR
• How to calculate the principal charge
• How to calculate exit charges incurred after the principal charge
• How to deal with additions into the trust
• Issues surrounding accumulated and undistributed income
• Other miscellaneous issues such as heritage property and the excepted settlements legislation
• Computations to be completed in the seminar