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Courses/Accounting & Tax/Income Tax

Income Tax & CGT - A Guide to Death & Estate Administration

Essential guidance on managing income tax and CGT during death and estate administration.

Created byUKElite Accounting Training
BeginnerUpdated Jun 21, 2024
Income Tax & CGT - A Guide to Death & Estate Administration

What You'll Learn

check_circleAnalyze the tax treatment of income and capital gains up to the date of death.
check_circleImplement procedures for the taxation of estate income during the administration period.
check_circleApply valuation methods and compliance requirements for capital gains tax in estate administration.
check_circleManage and document administration expenses and distributions to beneficiaries.
check_circleNavigate HMRC's reporting requirements and finalize the tax affairs of deceased individuals.

About This Course

This comprehensive course, "Income Tax and CGT - A Guide to Death and Estate Administration," provides a deep dive into the tax implications and compliance requirements involved in the administration of deceased estates. Designed for tax professionals, estate planners, and legal advisors, this course covers the essential aspects of income tax and capital gains tax (CGT) from the year of death through the administration period.

Participants will explore:

  • Detailed treatment of income and capital gains up to the date of death.
  • Taxation of estate income during administration.
  • Valuation methods for CGT purposes and taxation of asset disposal.
  • Handling administration expenses and beneficiary distributions.
  • Practical compliance procedures and documentation requirements.

Using real-world case studies, the course ensures practical understanding and application of complex tax scenarios. Attendees will gain the knowledge to navigate HMRC reporting requirements and effectively manage outstanding tax issues, ensuring thorough and compliant estate administration.

Your Instructors

UKElite Accounting Training
UKElite Accounting Training
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star78 reviews

UKElite Accounting Training provides cutting-edge professional development courses tailored for accounting professionals across the United Kingdom. Our mission is to deliver top-tier education that equips accountants with the latest skills and knowledge needed to excel in their careers. Our expert instructors offer real-world insights and practical guidance across a wide range of accounting disciplines. With a commitment to excellence and continuous improvement, UKElite Accounting Training is your trusted partner in professional growth.

Eleanor Sheffield
Eleanor Sheffield

Senior Tax Consultant

Eleanor Sheffield, a senior tax consultant with over 15 years of experience, specializes in estate and inheritance tax planning. She has guided numerous clients through the complexities of tax compliance and estate administration, ensuring optimal tax outcomes.

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We are a registered provider with 327+ associations and regulatory bodies worldwide. We operate across 29 global markets including Canada, the US, Australia, and the UK. Every course page clearly displays its specific accreditations. Upon completion, you receive a professional certificate that can be validated online. Our certificates include all necessary accreditation details, credit hours, and completion dates, and are formatted specifically to meet the submission requirements of most global regulatory bodies.