Probate and IHT - A Tax Refresher

This course focuses on the Inheritance Tax issues surrounding the probate process.

Content will include:

IHT reporting process

• Overview
• Excepted estates – the new 2022 definitions and conditions  
• New 2022 reporting rules for Excepted estates
• Other administration changes

Lifetime Gifts and the impact of death

The Death Estate

• IHT valuation-problem areas
• Calculation issues
• Variations
• Understanding RNRB

IHT Critical Reliefs

Trusts overview

• What are they?
• How they could be used?
• Types
• Tax implications