Lifetime Gifts & IHT Reporting - Key Tax Rules & Compliance Challenges

Introduction

This new virtual classroom seminar explores the key tax rules and compliance challenges in reporting lifetime gifts for inheritance tax.

The session will examine the main exemptions, evidence requirements, and common issues when completing Form IHT403, as well as planning points for lifetime advice.

What You Will Learn

This live and interactive course will cover the following:

• The rules on PETs, CLTs, and key exemptions and reliefs
• How to identify and evidence lifetime gifts for Form IHT403
• Special areas such as life policy premiums and Discounted Gift Trusts
• Practical challenges with records, valuations, and beneficiaries - how to satisfy HMRC that you have taken reasonable care
• Planning points including record-keeping and GWROBs

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.