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Apr 18, 10:00

Inheritance Tax Planning: Combating the Nil Rate Band Ice Age

Speaker: Carl Bayley – Author and Presenter

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.

Apr 18, 12:10

Innovation Incentives in the Tax System

Speaker: Simon Briton - Quantify.tax

Conversations about tax are often the conversations clients put off, but the tax incentives that are available to innovative companies can often lead to a positive conversation where the clients will be much better off. The aim of this session is to look at the different tax incentives that support innovative businesses from start up to scale up.

During this session, Simon Briton will cover the following topics:
• tax relief on product development - R&D tax relief
• tax relief on attracting investment - SEIS and EIS tax relief.
• tax relief on attracting staff - EMI share options.
• tax relief on building a lab - R&D capital allowances.
• tax relief on profits - patent box

This session will give an understanding of how tax incentives play a role in the growth of innovative companies. Simon has worked with clients in this space for over 20 years and this session will share insights into the interaction of these different tax reliefs and the importance that they play in the lifespan of growing innovative companies. At the end of this session, you'll be confident in conversations with clients, flagging up areas in which clients can potentially benefit from these incentives.

This course is particularly relevant to accountants and tax advisers working with growing companies and their owners.