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Inheritance Tax is a serious concern to many landlords seeking to preserve the value of their property business and ensure their loved ones are cared for after their death. With many of the main reliefs targeted at trading businesses and not at rental property, early planning is critical for those wishing to avoid having HMRC decimate their business by taking 40% of their accumulated wealth away from their family.
Delivered by best-selling author of 'How to Save Inheritance Tax' and practicing chartered accountant, Carl Bayley, the course gives a detailed understanding of how Inheritance Tax works, when it arises and what landlords can do to reduce the eventual burden on their families.
A range of scenarios are used to illustrate the main reliefs and allowances, as well as the basics of how to calculate the tax and when it has to be paid.
This course will cover the following topics:
- Basic principles of Inheritance Tax
- What is a 'chargeable transfer' and when does it arise?
- Calculating the tax due on death
- Lifetime transfers: benefits and pitfalls
- Reliefs, exemptions and allowances and how to get the most out of them
- Using trusts to preserve family wealth
- Popular Inheritance Tax planning techniques
- Understanding the key principles behind Inheritance Tax
- Awareness of different planning techniques
- How to make the most of the relevant reliefs, exemptions and allowances
Continuous Professional Development
Remember that Continuous Professional Development points (CPD) apply to RLA courses. You can also get CPD points for being a member of the Residential Landlords Association.
We are currently planning additional dates for this course. If you would like to be informed when these are arranged, please click here.
Residential Landlords Association Accreditation Scheme
This course is worth 2 basic CPD points with the Residential Landlords Association Accreditation Scheme
RLAAS is a national scheme who aim to encourage, acknowledge and actively promote good standards and management practice by owners and to assist owners and tenants to undertake their respective responsibilities to each other.
RLAAS is open to all landlords who operate in the private sector, and accreditation is FREE. Members of RLAAS also receive a discount when enroling for a course operated by the Residential Landlord's Association.
To find out more, and what RLAAS means to landlords and tenants across the country, visit the RLAAS website.