As a lawyer, you play a crucial role in assisting individuals with the creation of wills, ensuring that property is bequeathed to loved ones or other beneficiaries while considering the applicable taxes, particularly inheritance tax and capital gains tax, and optimising tax efficiencies.
Understanding your client’s goals and asking the right questions to help them achieve their objectives is crucial. Having a comprehensive knowledge of inheritance tax, its application, and ways to reduce liability for it, as well as knowledge of other applicable taxes like capital gains tax, will help you to provide the correct advice. Further, being aware of the relevant sources of guidance and regulations, as well as using tax avoidance schemes in a responsible fashion, is key to ensuring you act within legal boundaries and avoid any challenges from HMRC.
Whether you are new to this area of law or looking for a refresher, this course uses easy-to-understand chapters to explain how to advise clients on estate planning. It will further explore the calculation and payment of IHT, the maximisation of tax efficiencies, and the responsible use of tax avoidance schemes. Enrol now!
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