Advanced Trust & Administration Taxation

Course Overview

This course is aimed at participants who require an intensive one day update course on the taxation of Trusts and Administration of Estates.

The course requires an existing knowledge of the field and is not intended to be an introduction. Using the latest tax legislation in Finance Budgets, Bills and Acts, it will build on existing knowledge and take participants to the leading edge of taxation in the area.

The Finance Act 2006 had a major impact on the taxation in this area and is covered in full. The course is strongly practical with examples and will lead into discussions on planning and participation in discussions on the implications of new law.

Participants will be capable of handling the basics of taxation of the area and will have practical experience of some aspects.

The course will include wills and will trusts. It will also include the specialist areas of pensions and life insurance which is the specialist area discussed.

Participants require a reasonable knowledge of the accounting and basic taxation together with a basic knowledge of the process involved in administration.

Attendance on the basic course is recommended for participants with less than 6 months experience.

Course Content

• The implications of the finance act 2006 on trust taxation and estates
• Inheritance Tax after 2006
• Transitional IHT rules
• Wills and will planning after FA2006 and Budget 2007
• Examination of the implications for estates and the new exemptions
• Administration and income tax
• Partial payments and lifetime gifts, old, transitional and new rules
• Advancement of capital and restructuring of lifetime gifts
• Exceptions and the taxation of estates, the implication of FA2006 changes
• Administration procedures and processes after budget 2007 including probate exception allocation
• Trusts created during lifetime planning and opportunities
• Changes in the offshore regime
• Life and Pension Policies planning for IHT

Delivering this course in-house for you to a number of participants could be very cost effective. Please call us on 020 7387 4484 to discuss this further.

If you have any questions about this seminar please write to us at post@redcliffetraining.co.uk.