Illustration - IHT planning
You'll learn how to identify which inherited assets should be gifted during lifetime versus retained in the estate, and when to use a deed of variation to minimise inheritance tax.
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In this lesson
- 0:00 Inheritance planning for Gabriel
- 1:03 Family home gifting strategy
- 2:08 Unquoted shares and gift relief
- 3:51 Quoted shares and deed of variation
- 5:02 Cash and greyhound lifetime gifts
About this lesson
This illustration walks through a realistic scenario involving a family home, unquoted shares, quoted shares, and other assets—showing you how business property relief, principal residence relief, and gift relief interact with IHT planning decisions. You'll see exactly when lifetime gifts make sense (cash and exempt assets) and when they waste valuable nil rate bands or create unnecessary tax exposure (the family home and quoted shares). Essential for TX and ATX candidates preparing for exam questions on IHT planning strategy.
Duration: 6m
Transcript
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