Gifts with Reservation of Benefit – how to get the best for your client

Aim

To help practitioners advise in relation to gifts with reservation of benefit, what works and what doesn’t and what other problems can arise.

Outcome

Participants will be better equipped to give estate planning advice to clients wishing to retain an element of control over assets.

Agenda

• • An examination of the rules around gifts for inheritance tax purposes and what constitutes a gift with reservation
  • A review of Pre Owned Asset Tax and why we should be concerned about it
  • Problems with Gifts of Reservation in relation to taxes other than inheritance tax
  • Case study examples of what can work and in what circumstances