Tax
Inheritance Tax
Lifetime Transfers, Valuation Rules, Death Estates, NRB Transfers, and Payment
4 CPD credits on completion
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Certificate on completion
Downloadable resources
Self-paced learning
About This Course
Course Information
Get 4 units of CPD with this training course to refresh and update your knowledge on Inheritance Tax, covering valuation rules, lifetime transfers, gifts and much more.
Certificate on Completion
This course is made up of videos, questions and additional reading materials, and accounts for 4 units of CPD. One unit is the equivalent of one hour of learning.
Course Sections
This course is made up of the following sections:
- Inheritance Tax Introduction – Video and Quiz
- Inheritance Tax Valuation Rules – Video and Quiz
- Lifetime Transfers – Video and Quiz
- Revisited Lifetime Gifts – Video and Quiz
- The Death Estate – Video and Quiz
- Transfer of Nil Rate Band – Video and Quiz
- Payment of Inheritance Tax – Video and Quiz
- Additional Reading Materials
What You Will Learn
- Identify the three occasions of charge for inheritance tax: certain lifetime gifts, gifts made within seven years of death, and death itself
- Distinguish between potentially exempt transfers (PETs) and chargeable lifetime transfers (CLTs) and their tax treatment
- Apply the diminution in value principle to determine the transfer of value when shares or other divisible assets are gifted
- Calculate inheritance tax on lifetime transfers using the nil rate band, annual exemption, and marriage exemption
- Describe how the death estate is valued and taxed, including the interaction with lifetime gifts made in the previous seven years
- Explain how the transferable nil rate band works between spouses and civil partners
- Identify the payment dates and instalment options for inheritance tax on different types of assets
Who This Course Is For
- Tax professionals advising clients on estate planning and lifetime gift strategies
- Accountants who need to compute inheritance tax on lifetime transfers and death estates
- Professionals studying for tax exams who want to reinforce their understanding of IHT computation
Prerequisites
- Basic knowledge of UK tax principles
- An understanding of how exemptions and nil rate bands work in general terms
Frequently Asked Questions
Course Details
CPD Credits4
CertificateYes
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Everything included in your subscription:
CPD certificate on completion
Downloadable resources
Self-paced learning
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