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WIQS 2021 Update: Estate Administration

Course Description

Overview

  • 1.5 hours
  • Intermediate
Are you aware of new rules on accelerated payment of CGT? Are you confident in dealing with estates where charities are beneficiaries?

By completing this course you’ll be up to date with best practice in advising on an estate’s liability for income tax and CGT, dealing with accelerated payment of CGT, and the appropriate steps where beneficiaries of an estate include charities.

In short, easy-to-understand modules, you’ll cover everything you need to support your WIQS re-accreditation.

Learning outcomes

After completing this course, you will be able to:

  • Advise appropriately on an estate’s liability for income tax and CGT
  • Deal correctly with cases where the accelerated rules on payment of CGT apply
  • Take appropriate steps where beneficiaries of an estate include charities

What this will cover

This course consists of three modules.

1. An Estate’s Liability for Income Tax and CGT
2. New Rules on Accelerated Payment of CGT
3. Charities as Beneficiaries

Module 1: An Estate’s Liability for Income Tax and CGT

E-learning

In this module you will cover the different payment procedures for simple and complex estates; PRs’ liability for income tax; PRs’ liability for CGT; and occasions when appropriating assets may save CGT.

Module 2: The New Rules on Accelerated Payment of CGT

E-learning

In this module you will cover the new rules for payment of capital gains tax (CGT) on residential property; when the new rules apply to personal representatives (PRs); and the procedure for PRs.

Module 3: Charities as Beneficiaries

E-learning

In this module you will cover initial considerations where charities are beneficiaries, and capital gains tax (CGT) issues.

Assessment (complete e-learning to unlock)

Exam

The assessment consists of 15 multiple choice questions. In order to pass the assessment you must achieve a mark of 80%. The assessment can only be taken a maximum of three times before the course must be taken again.