Inheritance Tax
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.
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
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
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Why not upgrade?Find the best way to complete your CPD | CourseNeed just a few unitshourshours? | Pick n MixAll you need for this year's CPD. | LicenceAll you need for this year and more. | TeamKeep your whole team up to date. |
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| Access to this course | ||||
| Total CPD unitshourshours | 4 unitshourshours | 21 units20 hours21 hours | 1,500+ unitshourshours | 1,500+ unitshourshours |
| Access period | 120 days | 120 days | 12 months | 12+ months |
| Audit-proof CPD completion certificate | ||||
| Immediate access to our entire CPD catalogue | ||||
| Monthly webinars, 15-minute CPD Bites, video interviews with industry leaders, and more! | ||||
| Account manager on hand to support your team’s needs | ||||
| Learn more | Learn more | Learn more | ||
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