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An Introduction to Inheritance Tax & Capital Gains Tax For The Private Client Lawyer

BPP Professional Education

Summary

Price
£626.40 inc VAT
Study method
Classroom
Duration
1 day · Full-time
Qualification
No formal qualification
CPD
6 CPD hours / points
CPD What's this?
Additional info
  • Tutor is available to students

Location & dates

Location

Address
Venue may change up to 14-days before the course start date’
9-10 Portland Place
West London
London
W1B1PR
United Kingdom
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Overview

SRA Competence

B

Overview

The course introduces delegates to the main principles of Inheritance tax and Capital Gains tax. It shows how the impact of each of the capital taxes must be considered when advising on either tax. No prior knowledge is assumed, but the course will act as a useful update for those with some background knowledge. The course contains numerous examples and incorporates a comprehensive case study.

Venue may change up to 14-days before the course start date. Enquire for dates.

CPD

6 CPD hours / points
Accredited by BPP Professional Education Limited

Description

Learning outcomes include a greater understanding of:

  • The basic IHT regime and the effect of domicile.
  • IHT on lifetime gifts and on death.
  • Use of lifetime gifts in planning.
  • Using the transferable nil rate band.
  • Business Property Relief and Agricultural Property Relief.
  • Relief for debts due on death after Finance Act 2013.
  • Gifts with reservation and the pre owned assets tax charge.
  • The basics of Capital Gains tax.
  • Principal Private Residence/Only or Main Residence relief.
  • Entrepreneurs’ relief.
  • Capital Gains Tax and holdover relief for gifts.
  • Interaction of IHT and CGT on setting up a trust.
  • Tax charges during the lifetime of a trust.
  • Interaction of IHT and CGT on assets leaving a trust.
  • Basic IHT and CGT planning via trusts.


Under the SRA’s new approach to continuing competence, solicitors are expected to use the Statement of Solicitor Competence to identify and address their learning and development needs. The competence statement requires the following competencies:

  • A - Ethics, professionalism and judgement
  • B - Technical legal practice
  • C - Working with other people
  • D - Managing themselves and their own work

Who is this course for?

This course will be of benefit to newly qualified solicitors, paralegals, legal executives, trainees, and solicitors who specialise in other areas of law but who would like an overview of the Inheritance Tax regime and its interaction with Capital Gains tax.

Questions and answers

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Legal information

This course is advertised on reed.co.uk by the Course Provider, whose terms and conditions apply. Purchases are made directly from the Course Provider, and as such, content and materials are supplied by the Course Provider directly. Reed is acting as agent and not reseller in relation to this course. Reed's only responsibility is to facilitate your payment for the course. It is your responsibility to review and agree to the Course Provider's terms and conditions and satisfy yourself as to the suitability of the course you intend to purchase. Reed will not have any responsibility for the content of the course and/or associated materials.

FAQs

Study method describes the format in which the course will be delivered. At Reed Courses, courses are delivered in a number of ways, including online courses, where the course content can be accessed online remotely, and classroom courses, where courses are delivered in person at a classroom venue.

CPD stands for Continuing Professional Development. If you work in certain professions or for certain companies, your employer may require you to complete a number of CPD hours or points, per year. You can find a range of CPD courses on Reed Courses, many of which can be completed online.

A regulated qualification is delivered by a learning institution which is regulated by a government body. In England, the government body which regulates courses is Ofqual. Ofqual regulated qualifications sit on the Regulated Qualifications Framework (RQF), which can help students understand how different qualifications in different fields compare to each other. The framework also helps students to understand what qualifications they need to progress towards a higher learning goal, such as a university degree or equivalent higher education award.

An endorsed course is a skills based course which has been checked over and approved by an independent awarding body. Endorsed courses are not regulated so do not result in a qualification - however, the student can usually purchase a certificate showing the awarding body's logo if they wish. Certain awarding bodies - such as Quality Licence Scheme and TQUK - have developed endorsement schemes as a way to help students select the best skills based courses for them.
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