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Nil Rate Band 2019 Update

This webinar will be recorded on 16th April 2019 and a download available from 17th April.

Webinar duration - 1 hour

Agenda

Recap of the basics:

- What is the RNRB?

- What is a qualifying residence?

-  Meaning of direct descendants

-  Meaning of ‘inherited’

- Transferring unused RNRB

- Tapering

 

Downsizing

 

Capturing RNRB in a Will

- touch on type of trusts,

- provide example wording for inclusion in Will

 

Lifetime estate planning measures

- to take (or avoid) to ensure estate qualifies for RNRB on death (to cover gifts, deathbed gifts, immediately chargeable transfers)

- Case study

 

Common traps for clients:

- Misunderstanding (not £1m IHT free),

- Lack of IHT planning (over the taper threshold)

 

Problems with the RNRB

- Overly complicated, downsizing rules a minefield, seems to disfavour those without children…


About our presenters

Stephanie Mooney, Kingsley Napley

Stephanie advises on a broad range of matters, including:

• Lifetime succession and estate planning, often with a cross-border element;

• Wills;

• The administration of estates (probate);

• The creation of and administration of trusts;

• Powers of attorney; and

• Applications to the Court of Protection and other mental capacity issues.

Stephanie’s clients include high net worth individuals, entrepreneurs, executors, trustees and individuals who lack mental capacity.

Stephanie obtained a degree in history from Durham University before attending the College of Law in London, where she completed her GDL and LPC. She completed her training contract at Charles Russell Speechlys before moving to Kingsley Napley upon qualification.

Harriet Brown, Tax Chambers

Called 2005 (England and Wales) 2007 (Jersey)

Harriet is recommended as a leading junior tax barrister in the 2017 edition of the Legal 500 (Private client: personal tax) "Highly knowledgeable on complex areas of tax law.".

Harriet is qualified to practice in England and Wales and Jersey. She appears in courts and tax tribunals regularly. She advises in relation to direct and indirect taxes, frequently in the context of individuals and trusts. Additionally, she has particular expertise in international matters such as double tax treaties, TIEAs, FATCA/CRS disclosure facilities and conflict of laws issues arising in a tax context.

Harriet is also experienced in resolving disputes with HMRC. Her approach is always to give detailed and practical advice from the initial enquiry through to any tribunal hearing, which often results in a favourable conclusion at an early stage and always aims to achieve a quick and cost-effective solution.

Harriet's Jersey practice primarily involves advising on Jersey trusts and tax in Jersey. She has particular expertise in relation to trust remedies in Jersey (including the statutory mistake and “Hastings-Bass” regimes) and Jersey income tax.


Other ways to register

Call us on 01379 740619

Email simon.gore@sgcl.co.uk


CPD - 1 hour (SRA A2)

Recording format - mp4 with MS Power Point Slides.

Have a question about the topic which you would like answered in the webinar?


Email us up to one day before the recording so we can provide answers.

Other webinars in our Spring Tax Update



Domicile, cross border administration and lifetime planning issues

Webinar Recording 9th April

Click here for details

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