Course description
Property professionals dealing with sales and transfers of property need to have an understanding of inheritance tax and capital gains tax, otherwise you may fall subject to claims if your client receives an unexpected tax bill. It is a fast moving area that has changed a lot recently so it is vital that you are aware of the due dates that have moved forward and the various reliefs that have been removed.
Michael Culver presents this comprehensive and informative virtual classroom seminar that surveys the red flags, areas of concern, basic calculations, areas of relief and due days for payment that are essential knowledge for residential conveyancers.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This new virtual classroom seminar will introduce and identify issues that property professionals need to be aware of when dealing with sales and transfers of property.
It will highlight red flags, areas of concern, basic calculations, areas of relief and due dates for payment.
The session will also cover the impact of gifts of property in relation to inheritance tax.
These areas have changed a lot in recent years with due dates being moved forward and the removable of various reliefs.
Whilst not intended to turn you into a tax adviser the session is designed to prevent you falling subject to claims should your client receive an unexpected tax bill that they should have been warned against.
The session will include case studies and a chance for you to consider real life situations and tax calculations.
What You Will Learn
This live and interactive session will cover the following:
- Introduction to capital gains tax
- Rates of tax and the annual exemption
- When payable and the interaction with income tax
- Part disposals
- Principal private residence relief and deemed occupation
- Lettings Relief
- Non-Resident CGT charge on residential properties
- Granting and assigning Leases
- Introduction to inheritance tax, nil rate band, residential nil rate band, gifts to trust, sales at an undervalue, reservation of benefit, deliberate deprivation and undue influence
Expenses
MBL Seminars Limited
With over 1,000 expert speakers covering more than 3,360 different topics, our course portfolio is vast and can be delivered either online or in-person. With over 450 years of collective professional development experience, we are proud to be trusted to...