Estates: Tax Planning with Gains and Losses Post-Death and Maximising RNRB

This talk will take you through a case study of an estate with two key elements:

Gains and losses on shares and 2 properties since death, maximising the tax saving:

• using appropriations (which can be underused) as a planning tool;
• how to make the most of IHT loss relief and lower rates of CGT for some beneficiaries;
• and thus the mix of IHT and CGT within the estate on changing values.

Potential to vary the terms of the will for RNRB planning to save IHT:

• Where some descendants don’t inherit through the right form of trust; and
• Where the residuary estate has a mixture of beneficiaries who closely inherit and those that don’t.

John Bunker, Solicitor, Chartered Tax Adviser and Lecturer