UK TAX - Inheritance Taxation Training

2Month/20 Hours                                                  Price:350,000

                                                                                      345,000 

UK TAX - Inheritance Taxation Training

This course provides an in-depth understanding of the UK Inheritance Tax (IHT) system, including its principles, exemptions, reliefs, planning strategies, and compliance requirements. The course is designed for finance professionals, tax advisors, legal practitioners, and individuals seeking expertise in inheritance tax planning and estate management.

Course Objectives

By the end of this course, participants will be able to:

Understand UK inheritance tax laws and regulations.
Identify applicable reliefs and exemptions.
Develop effective estate planning strategies.
Navigate HMRC compliance requirements.

Advise clients on inheritance tax mitigation.

Course Modules

Module 1: Introduction to UK Inheritance Tax

Overview of Inheritance Tax (IHT)
Historical Background and Legislative Framework
Who Pays Inheritance Tax?

Key Concepts & Terminology

Module 2: Understanding Taxable Estates

What Constitutes an Estate?
Valuation of Assets and Liabilities
Nil-Rate Band and Tax Thresholds

Case Studies on Estate Valuation

Module 3: Inheritance Tax Rates and Calculations

Standard IHT Rates and Thresholds
Calculating IHT on an Estate
Lifetime Gifts and Their Impact

Practical Examples & Case Studies

Module 4: Exemptions and Reliefs

Spouse & Civil Partner Exemption
Charity Exemption & Business Property Relief (BPR)
Agricultural Property Relief (APR)

Other Available Reliefs

Module 5: Trusts and Inheritance Tax

Role of Trusts in Estate Planning
Taxation of Different Types of Trusts
Trusts for IHT Planning & Asset Protection

Case Studies on Trust Structures

Module 6: Gifting and Lifetime Transfers

Potentially Exempt Transfers (PETs) vs. Chargeable Lifetime Transfers (CLTs)
Small Gifts & Annual Exemption
7-Year Rule & Taper Relief

Planning Strategies for Effective Gifting

Module 7: Estate Planning Strategies

Ways to Reduce Inheritance Tax
Use of Life Insurance in IHT Planning
Role of Pensions in Estate Planning

Business Succession Planning

Module 8: HMRC Compliance and Reporting

Probate Process and IHT400 Form
Penalties & Late Filing Consequences
HMRC Investigations and Avoiding Pitfalls
Best Practices for Compliance

Module 9: International Aspects of Inheritance Tax

Non-Domiciled Residents & IHT Implications
Overseas Assets and Double Taxation Treaties
Cross-Border Estate Planning

Case Studies on International Estates

Module 10: Case Studies and Practical Application

Real-Life Case Studies on IHT Planning
Mock Client Consultations
Common Mistakes & How to Avoid Them

Q&A and Final Review

Career Path

Graduates of this course can pursue careers in:

Tax Advisory & Consultancy: Working with firms specializing in inheritance tax planning.

Financial & Wealth Management: Assisting high-net-worth individuals in estate planning.

Legal & Estate Planning Services: Advising on trusts, wills, and estate succession.

HMRC & Government Roles: Compliance and regulatory enforcement.

Corporate Finance & Accounting: Managing estate taxation for businesses and individuals.

International Student Fees: UP POND 995

Job Interview Preparation  (Soft Skills Questions & Answers)

§       Tough Open-Ended Job Interview Questions

§       What to Wear for Best Job Interview Attire

§  J  Job Interview Question- What are You Passionate About?

§       How to Prepare for a Job Promotion Interview

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Flexible Class Options

§       Week End Classes For Professionals  SAT | SUN

§       Corporate Group Trainings Available

§        Online Classes – Live Virtual Class (L.V.C), Online Training

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