APR & BPR & Will Planning

Date & Time

28th March 2019 | Jurys Inn, 101 Stroudley Road, Brighton, BN1 4DJ | 2pm - 5pm

Cost

£100 + VAT (members) £120 + VAT (non members)

Description

APR & BPR & Will Planning

How APR & BPR work and how to help clients maximise the relief.  A refresher on the key elements of Agricultural and Business Property reliefs, including:

  • BPR for farmers;
  • When 50% BPR can be converted to 100% relief;
  • Learning from BPR Cases: such as Pawson, Vigne and Graham
  • “Mainly trading” and structuring/reviewing to secure relief as business changes,
  • Key issues for working with accountants;
  • Traps to beware, including “excepted assets” losing BPR;
  • Including the use of examples to illustrate key points.

APR & BPR in Will planning: maximising reliefs including spouse planning:

  • How APR & BPR fit in with RNRB and the £2m threshold
  • Using Nil Rate Band Discretionary Trusts for APR & BPR
  • “Double dipping” into BPR on death of 2nd spouse
  • Cross option agreements to help effective APR/BPR planning
  • Also using examples to illustrate

A Topical tax update on current reviews: especially HMRC’s Review of Trust Taxation and the OTS Review of IHT:

  • What is happening, and what might it mean for your clients?

John Bunker is a freelance lecturer and Head of Private Client Knowledge Management of Irwin Mitchell LLP. With over 25 years of experience as a solicitor specialising in wills, trusts, estate and tax planning, 20 years as a Chartered Tax Adviser, John serves on the Chartered Institute of Taxation’s Succession Taxes Sub-committee (of which he becomes Chair in May 2017), HMRC’s Capital Taxes Liaison Group and TACT’s Private Trusts Committee.  John moved in 2012 to his role, responsible for technical development and know-how, for Thomas Eggar’s 100 strong Private Client team, after 23 years as a partner. This role developed within Irwin Mitchell Private Wealth to include the former Berkeley Law and Sheffield head office teams.