Back to Basics Trusts- IT, CGT and IHT

This course aims to familiarise participants with the principles of trusts focusing on the fundamental computational aspects necessary for trust tax compliance.

Some basic planning points will be covered but the course is primarily aimed at ensuring the fundamental framework is understood.

The course will include:  

•   Types of trusts and their uses
•   How income tax works for different types of trust
•   Capital Gains Tax occasions of charge and computation aspects
•   CGT reliefs and trusts
•   Types of trust for IHT
•   Occasions of charge for IHT
•   Principal and exit charges
•   Administration including an introduction to forms and procedures

Participants should bring a calculator as practical exercises are an integral feature of the course.