Inheritance Tax

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 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.

This course has been revised and is up to date for 2022/23.