IHT administration and planning ideas
You'll learn how inheritance tax payment dates and responsibilities work in practice, and discover key planning strategies to minimise IHT liability.
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In this lesson
- 0:00 Inheritance tax payment dates explained
- 1:51 Who pays IHT and who bears the cost
- 3:12 IHT payment date calculations worked through
- 5:08 Planning strategies to minimise IHT
About this lesson
This lesson covers when IHT becomes due depending on whether it's a lifetime transfer or death estate, who actually pays HMRC versus who bears the tax burden, and practical planning ideas like generation-skipping gifts, lifetime transfers, and the seven-year survival rule. Understanding these mechanics is essential for the Taxation papers and will help you advise clients on timing and structure to reduce their overall tax exposure.
Duration: 6m
Transcript
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