Inheritance Tax & Capital Gains Tax – Update, Tax Planning and Tax Traps

Inheritance Tax Training (IHT)

• Business Property Relief (BPR) and Agricultural Property Relief (APR):

• Main conditions

• Autumn 2025 Finance Bill - Restrictions on APR and BPR from 6 April 2026

• How they impact individuals and trusts

• Instalment option for paying tax

• Transitional provisions

Problems with cash-rich businesses or those deriving value from L&B

Partnership structures and why they sometimes don’t work

Recent cases

Pensions

• Autumn 2025 Finance Bill – Bringing most pension death benefits and unused pension funds within the IHT net from 6 April 2027

• How effective tax rates on pension schemes may be very high due to the interaction of income tax and IHT rules

• Increasing complexity for personal representatives and pension scheme administrators

• Impact on retirement planning

Understanding the residence nil rate band

• When it is available

• Transferability between spouses / civil partners

• The complex ‘downsizing’ provisions

Capital Gains Tax (CGT)

• Autumn 2025 Finance Bill changes: Changes to reconstruction relief anti-avoidance rules The sort of situations that will now be caught

Revised rules on selling businesses to EOTs

This CGT training explores the diminishing benefit of Business Asset Disposal Relief (BADR)

Main residence relief:

• Review of recent cases

Goodwill on business disposals and incorporations:

• HMRC practice

• Recent cases

Abolition of Non-Dom Status for Tax Purposes (From 6 April 2025)

• Abolition of the remittance basis for income tax and CGT

• Key points of the replacement ‘foreign income and gains’ (FIG) regime for new residents

• Transitional provisions, including: Rebasing of assets for CGT purposes

• Temporary Repatriation Facility

• The new residence-based IHT regime When foreign assets come within the IHT net

• How long do they stay within it once you have become a non-resident?

Training Objectives

CGT and IHT training from Redcliffe will bring delegates up to date on:

• The latest developments in the business reliefs for inheritance tax (IHT), including the restrictions on agricultural property relief (APR) and business property relief (BPR) due in April 2026

• Pension death benefits and unused pension funds coming within the charge to IHT from 6 April 2027, even when written into trust

• Complications arising from the rules on residence nil rate band (NRB) and transferable NRB

• Recent CGT developments, including reconstruction reliefs and Employee Ownership Trusts (EOTs)

• The key IHT and CGT planning points and problems for individuals arising from the abolition of non-dom status for tax purposes from 6 April 2025

• Recent case law, HMRC guidance and other developments

Training Course Summary

Redcliffe Training's IHT & CGT training course will update you on the changes that have taken place in recent years and those that are planned. We spend the majority of our time on IHT, where there have been more developments of note.

We will review various cases that show some of the practical problems that you may come across. Throughout, emphasis is given to traps that can catch out the unwary professional.

Inheritance Tax and Capital Tax training will look at many ways for you to save your client tax. These generally involve having a good understanding of what are often detailed rules and, crucially, planning well in advance of a disposal or transfer.