Course Details

The Inheritance Tax Nil Rate Band has been frozen at its 2009 level until 2028, a total of 19 years, the longest freeze since 1946. Its value in real terms has fallen drastically and will fall still further over the next five years. Against this background, your clients will be getting increasingly worried about what this means for their families and their businesses. You will often be their first port of call when they look for help. So, even if you don’t expect to become an expert in this area, you need to be ready for their questions so you can point them in the right direction.

 

In this session, Carl Bayley will cover:

 

  • Inheritance Tax basics and the reliefs and exemptions available
  • Business property relief and agricultural property relief: how to make sure you don’t lose them and how to maximise their value.
  • Planning for the family home: when is it still necessary now we have the residence nil rate band, and what methods remain available.
  • How to protect property businesses from Inheritance Tax, including using simple transfers, trusts, family debt schemes, and family investment companies
  • The key interactions between Inheritance Tax and Capital Gains Tax explored: when is it better to ‘pay now save later’ and when is it better to ‘hold them ‘til you drop’
  • Deathbed planning: what can still be done and how much could it save?

 

By attending this session, delegates will have a general awareness of their clients’ likely Inheritance Tax exposure, as well as their own, and will be able to give initial guidance on potential planning measures plus some key input in formulating a strategy.

 

The session will be of benefit to general practitioners, tax advisers, business owners, landlords and wealthy individuals.

 

Course Level: Intermediate.

CPD Course Speaker

BSc FCA, Author and Presenter

Carl Bayley

Carl Bayley is the author of a series of plain English tax guides designed specifically for the layperson and the non-specialist (available from www.taxcafe.co.uk). His particular speciality is his ability to take the weird, complex, inexplicable world of taxation and set it out in the kind of clear, straightforward language taxpayers themselves can understand. Carl takes the same approach when speaking on taxation, a role he frequently undertakes with great enthusiasm, including his highly acclaimed annual ‘Budget Breakfast’ for the ICAEW. He has spoken on taxation on radio and television, including the BBC’s ‘It’s Your Money’ programme and BBC Radio 2’s Jeremy Vine Show. Carl is a past Chairman of the Tax Faculty of the ICAEW and former member of the Institute’s governing Council and Board. Aside from his tax books, Carl is an avid creative writer. His first novel, Trinity of Souls, was published in 2024, with his second, Destiny of Souls, following in March 2025. When he isn’t working, he takes on the equally taxing challenges of hill walking and horse riding: his Munro tally is now 106 and, while he remains a novice rider, his progress is cantering along nicely. Carl lives in the Scottish Borders, where he enjoys spending time with his partner, Linda.