Originally broadcast on Wednesday, April 25, 2012 - 12:30

Inheritance tax is payable at 40% of the value of a person’s estate in excess of £325,000. However Business Property Relief, which is set at 100% of the value of the relevant business assets, can mitigate the impact of IHT if the estate includes shares in a company or property used in a company. Similarly Agricultural Property Relief can reduce inheritance tax on farm land and interests in farming partnerships or companies. These reliefs can prove invaluable in allowing you to pass on your business or farm to the next generation.

Our speakers will offer you practical tips on how best to maximise these reliefs through will drafting.

This webinar will cover:

• Use of nil-rate band discretionary trusts following the introduction of the transferable nil-rate band
• Maximising the advantages of business and agricultural property relief through drafting
• Immediate post-death interests and their uses
• Trusts for children