Northern Society of Chartered Accountants

Home > Events > You can’t take it with you when you go –Inheritance tax planning techniques

You can’t take it with you when you go –Inheritance tax planning techniques

With all the current uncertainty with economy, IHT planning needs to be kept under review as lower values can make planning simpler.

Making Tax Digital will impact hugely on the way we operate and how we act for our clients going forward. Increasing the number of “Touch points” we have with our clients will become very important as we migrate from doing compliance to becoming the client’s trusted advisor. IHT planning techniques will equip us to start this journey.

Content will include:

Infrastructure

 Fact finds

 Engagement letters

IHT – Lifetime planning

 Refresher

 Using exemption and reliefs

 Do we still need to be using nil rate bands in lifetime

 Nil bands and Residence nil bands

Wills and IHT

 Practical points on tax planning through the Will

Trusts and IHT

 Estate planning vehicles both for tax and family reasons

 Trusts and traps for the unwary

 Alternative structures

Probate and Estate Work

 Should we look at this

 What IHT work is involved