Nil rate band 2019 webinar

17 April 2019

Date:

17 April 2019

Speaker(s):

Stephanie Mooney, Associate, Private Client, speaking alongside Harriet Brown of Old Square Tax Chambers.

Specialist Area:

Private Client

A download of this webinar is available from SG Legal Conferences and Webinars' website .

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

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