Lifetime gifts can be a tax-efficient way to give away wealth during your lifetime without it being included within your estate and subject to inheritance tax.
A ‘lifetime gift’ is where cash or assets are given away during a person’s lifetime. The effect of such gifts is to remove value from that person’s estate. As such, lifetime gifts can reduce the amount of inheritance tax due after death and are often used as part of inheritance tax planning.
This CPD course looks at the tax effects of lifetime gifting and bequests. As well as gifting, this webinar looks at the recipients, in particular, the role that trusts can play; also the nature of the assets behind the succession - how businesses within partnerships and limited companies can be passed down.
Key Topics Covered:
Join this CPD webinar by Chris Thorpe, we will cover the rules and inheritance tax implications.
Technical Officer, Chartered Institute of Taxation
Chris is a Fellow of the Chartered Institute of Taxation and a member of the Society of Trust & Estate Practitioners. Having trained at Grant Thornton and previously qualifying as a barrister, he worked as lecturer at Mercia Group as well in several accountancy firms. He now works as a technical officer at the Chartered Institute of Taxation and is the author of Implied Trusts and Beneficial Ownership in Modern UK Tax Law.
Course Level
Credits
Instructional Method
Pre-requisites
Advance Preparation
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