Inheritance Tax

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Revised and up to date for 2025/26. This course is an introduction to UK Inheritance Tax and includes the treatment of potentially exempt transfers, agricultural and business property relief as well as the use of trusts.

£100 +VAT

4 CPD hours

120 days’ access

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Use ACPD101 for 10% off any purchase.

Inheritance Tax

£100 +VAT

4 CPD hours 120 days’ access
Use ACPD101 for 10% off any purchase.

Inheritance Tax

This course is not currently available. To find out more, please get in touch.

This course will enable you to

  • Establish whether an estate is subject to Inheritance Tax
  • Calculate the scale of the tax likely to be payable
  • Understand the primary reliefs available
  • Identify common planning steps to alleviate the tax exposure

About the course

As an accountant, your role in inheritance tax (IHT) is the strategic structuring of a client’s wealth and business interests. However, this can be complicated, not only because IHT has a language all of its own but because there is a lot to get to grips with. From IHT liability and property reliefs, to further planning opportunities using trusts. There is a lot you will need to know to guide your clients.

In this course, you will get an introduction to UK inheritance tax, and the various issues surrounding it. This includes the treatment of potentially exempt transfers, the ways in which agricultural property relief and business property relief can be maximised, and the use of trusts. You will also be learning about the various exemptions from inheritance tax, and how the seven-year waiting time can affect this.

Please Note: This course only covers UK tax law

Contents

IHT scope

Inheritance Tax: the basics
Key vocabulary
Long-term resident
What is domicile?
Assets subject to IHT
PETs
The residence nil rate band

Property relief

The main types of relief
Agricultural property
AR rates
Business relief
BR rates

Other reliefs and opportunities

Charity and other reliefs
Gifts to charities
Gifts exempt from IHT
Gifts of income
Tax preferred investments

Trusts

Using trusts for IHT
What is a trust?
Transfers made to trusts
Trusts and IHT planning
CGT holdover relief
Flexible spouse trusts

How it works

Author

Andrew Law

Andrew Law

Andrew Law has been in professional tax practice for over 30 years advising SME business on taxation matters and has advised on the sale and purchase of numerous businesses of all kinds and sizes.