For financial advisers only
On completion of this module you should be able to:
Inheritance tax can severely impact what can be passed on to future generations. But with the right planning the effect of IHT can be minimised. It is therefore essential for advisers when considering wealth transfer to understand the taxation of lifetime gifts.
This module is in two sections and should take around 1 hour to complete. It includes a short self -assessment quiz to check what you have learned and a 60 minutes CII/PFS accredited CPD certificate can be claimed.
This section of the module highlights when tax may be payable on the lifetime transfer and how any IHT charge would be calculated. In addition it covers the implications of retaining a benefit from gifted property and also when relief may be available.
Please read our Technical Guide – IHT on lifetime transfers before moving on to the next part of this module.