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 covers:

  • 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?

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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 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’. 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 and is looking forward to the publication of his first novel, Trinity of Souls, in January 2024. 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. He has three children, and his first grandchild arrived in April 2021