Course description
Get technical knowledge and practical skills in trust and estate taxation. It covers income tax, capital gains tax and inheritance tax. This course is focused on Scottish law and is for practitioners working in Scotland or with Scottish clients.
This course can be taken as part of The STEP Diploma.
- Study for a industry leading professional qualification.
- Enhance your career prospects with new technical know-how and practical skills.
- Learn from examples and case studies of the type you encounter in your day-to-day practice. Topics include lifetime gifts, income tax, capital gains tax and inheritance tax. This version of the course has particular focus on how trust and estate taxation works under Scottish law.
This course is worth 30 Diploma-level credits towards your STEP membership or further studies.
The course is awarded in association with Alliance Manchester Business School.
Upcoming start dates
Suitability - Who should attend?
Ideal for practitioners working within the trusts and estates profession in Scotland or with Scottish clients.
Students of this course typically include:
- legal and trust professionals
- support staff and paralegals
- accountants and banking professionals
- charity specialists
- tax advisers
- independent financial advisers
- executorship administrators
Applicants must have obtained 60 STEP entry-level credits to enrol on this course
OR
Be a member of STEP.
It is assumed that applicants have, as a minimum, experience and knowledge of succession and estate administration in their own jurisdiction and will have a working knowledge of Excel.
Outcome / Qualification etc.
- The income tax rules applicable to deceased individuals, personal representatives and legatees
- The principles of capital gains tax, including valuation issues, disposal rules and relevant reliefs
- The capital gains tax rules applicable to deceased individuals and personal representatives
- The capital gains tax rules applicable to the family home and other land
- The principles of inheritance tax, including calculations, administration, liabilities, payment and penalties
- The inheritance tax rules on lifetime transfers and on death
- The income tax, capital gains tax and inheritance tax rules applicable to trusts
- The rules and relevance of residence and domicile in relation to tax
- How disclaimers and deeds of variation may affect liability to income tax, capital gains tax and inheritance tax
- Tax compliance, including disclosure, discovery, and penalties
Course delivery details
This course is available for study twice annually, with intakes beginning in January and July (and assessments taking place in May and November).
The course is delivered online, with a combination of independent self-study and attendance at three live online workshops.
Enrolment onto this course will include the following:
- access to the online learning platform containing:
o bespoke downloadable course manual
o self-assessment tools
o distance learning support
o three live online workshops
- assessment fees
The course is assessed by way of an end of course six-hour open-book written examination.
Once you have successfully completed this course, you will gain 30 Diploma-level credits towards STEP membership and be awarded the STEP Advanced Certificate in Taxation of Trusts and Estates (Scotland).
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CLTI
CLTI provides training and qualifications to professionals working in the private client, wealth management, and investment funds industry across the globe. We are the primary education partner for STEP, the global professional association for practitioners specialising in family inheritance and...