Inheritance Tax

(12 reviews)

by Andrew Law

Revised and up to date for 2025/26. This course is an introduction to UK Inheritance Tax and includes the treatment of potentially exempt transfers, agricultural and business property relief as well as the use of trusts.

price £100+vat
cpd hours 4 CPD hours
access 120 days' access

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This course will enable you to

  • Establish whether an estate is subject to Inheritance Tax
  • Calculate the scale of the tax likely to be payable
  • Understand the primary reliefs available
  • Identify common planning steps to alleviate the tax exposure

About the course

As an accountant, your role in inheritance tax (IHT) is the strategic structuring of a client's wealth and business interests. However, this can be complicated, not only because IHT has a language all of its own but because there is a lot to get to grips with. From IHT liability and property reliefs, to further planning opportunities using trusts. There is a lot you will need to know to guide your clients.

In this course, you will get an introduction to UK inheritance tax, and the various issues surrounding it. This includes the treatment of potentially exempt transfers, the ways in which agricultural property relief and business property relief can be maximised, and the use of trusts. You will also be learning about the various exemptions from inheritance tax, and how the seven-year waiting time can affect this.

Look inside

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Contents

  • IHT scope
    • Inheritance Tax: the basics
    • Key vocabulary
    • Long-term resident
    • What is domicile?
    • Assets subject to IHT
    • PETs
    • The residence nil rate band
  • Property relief
    • The main types of relief
    • Agricultural property
    • AR rates
    • Business relief
    • BR rates
  • Other reliefs and opportunities
    • Charity and other reliefs
    • Gifts to charities
    • Gifts exempt from IHT
    • Gifts of income
    • Tax preferred investments
  • Trusts
    • Using trusts for IHT
    • What is a trust?
    • Transfers made to trusts
    • Trusts and IHT planning
    • CGT holdover relief
    • Flexible spouse trusts

How it works

Author

Andrew Law

Andrew Law has been in professional tax practice for over 30 years advising SME business on taxation matters and has advised on the sale and purchase of numerous businesses of all kinds and sizes.

Reviews

4
(12 reviews)
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    JB
    Judith B
    04 Mar 2025
    04 Mar 2025
    Overall it was an informative course. I was particularly interested in the trusts part and would have liked to have seen more on how trusts (CLTs) and PETs interact with each other and a mention of the 14-year rule. More complex examples would have been good too.
    MS
    Mandy S
    20 Jan 2025
    20 Jan 2025
    alot of content - if this is something of big interest i suggest doing a longer course but alround enjoyed the course and content supplied generally easy to understand
    VH
    Victoria H
    15 Jan 2025
    15 Jan 2025
    A good basic grounding in Trusts. Some of the more advanced areas of calculation - eg 10 year charges, could do with a little more detail.
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