Podcast Location:
Download it here [file size: 23.9 MB]
Categories:
Tax Law
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Cost:
  • FREE
Length:
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Contributor(s):
Course Aims:

This podcast discusses the occasions on which inheritance tax is charged and explains the 4 basic steps to follow to calculate the liability to tax, along with the additional factors to be considered on certain occasions.

Outcomes:
After completing the course you will:
  • Understand when exactly there is a charge to inheritance tax;
  • Know the 4 basic steps for calculating the the amount of tax which must be paid;
  • Appreciate when any exemptions or reliefs will be available.
Level:
Beginner Difficulty: 1 of 5
Classification:
Introduction
Practical Guide
Sources and References:
  • Inheritance Tax Act 1984;
  • Finance Act 2006;
  • Arnander & Ors Executors of McKenna Deceased v Revenue & Customs [2006] UKSPC SPC00565.

In this podcast Fiona Ball introduces the listener to the basic structure of inheritance tax, according to the legislation contained in the Inheritance Tax Act 1984. The 3 occasions on which inheritance tax is charged are examined and the method for calculating the amount of tax which must be paid is explained.

Podcast added: 29/10/09

Podcast last reviewed: 2011-07-25

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