Speaker: Professor Lesley King
Intermediate/Update Level – Competence – B – Technical Legal Practice
There are a number of areas where tax issues affect private client practitioners, particularly in the administration of estates and trusts. In this session we cannot look at all of them but will consider:
CGT issues
- CGT and PRS
- Simple and complex estates
- The new rules on accelerated payment
- Saving CGT by appropriating assets
Stamp Duty Land Tax issues
- SDLT and estates
- SDLT and trusts
IHT issues
- Impact of lifetime gifts
- Relationship between IHT and CGT value
- When is IHT value ascertained?
- Valuation issues
- Loss on sale relief
- The ‘sharing’ exception to the reservation of benefit rules
Objectives
After this session you will be able to:
- identify tax issues when administering estates, and
- adapt your office practice where appropriate to deal with any issues identified
Speakers Details
Professor Lesley King is a former member of the Probate & Estates Committee of STEP, a former member of the Law Society’s Wills & Equity Committee and an honorary member of the Association of Contentious Trust and Probate Specialists. She is Professional Development Consultant at the University of Law.
She is co-author of Wills, Taxation and Administration: A Practical Guide; A Modern Approach to Wills, Administration and Estate Planning (with Precedents); A Modern Approach to Lifetime Tax Planning for Private Clients (with Precedents); A Practitioner’s Guide to Wills; Varying the Disposition of an Estate after Death; Wills: A Practical Guide; and editor of The Probate Practitioner’s Handbook.
She is a contributor to the Wills and Trusts volumes of Halsbury’s Laws and the Encyclopaedia of Forms and Precedents and to The Law and Ethics of Dementia.
She is the wills and probate columnist for the Law Society Gazette, and writes and lectures extensively on wills, taxation and related matters.
