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CPD course

CPD course: Business Relief fundamentals

8 CPD resources

2 hour 30 mins

CPD Certification

About the course

Welcome to this CPD course on Business Relief (BR). The course is designed to equip you with an understanding of the fundamentals of Business Relief, and how it can be a valuable tool for managing your clients inheritance tax liability.

At Downing, we understand that Business Relief should be viewed within the broader context of IHT planning, this course should also give advisers an overview of some of the other estate planning solutions available, and which solution, or combination of solutions, may be appropriate for your broad range of clients, at different life stages and with different appetites' for risk.

Learning objectives

Gain an overview of Business Relief and why it was introduced
Understand benefits and drawbacks of using Business Relief as an estate planning solution
Understand how Business Relief can interact with other estate planning solutions available
Gain an understanding of how Business Relief can be used in practice through different case studies and client scenarios
Understand other key terminology, rules and tax reliefs associated with Business Relief

Post learning assessment

After reading or viewing the CPD resources associated with this course, test your understanding by taking our short four question assessment. Please take the time to think of your answer and then review the correct answer to see if you got it right.

Take assessment

Claiming your CPD certificate

Once you have taken our short assessment, you can claim your CPD certification by filling out the available form.

Claim CPD Certificate

CPD Resources

Guide | 30 minutes
Your guide to Business Relief‍
Guide | 30 minutes
Your guide to Inheritance Tax and estate planning‍
Guide | 15 minutes
Business Relief basics: The Nil Rate Band‍
Guide | 15 minutes
Business Relief basics: The Residence Nil Rate Band‍
Guide | 15 minutes
Business Relief basics: Quick Succession Relief‍
Guide | 15 minutes
Business Relief basics: Spousal Exemption ‍
Guide | 15 minutes
Business Relief basics: Qualifying holding periods and Replacement Relief ‍
Case study | 15 minutes
Business Relief and Trusts

Book a CPD session for your firm

Book CPD session

Post learning assessment

Test your knowledge by taking our assessment below. Then claim your CPD certificate.

Question one

How long must shares in Business Relief Qualifying companies be held to be 100% eligible for Inheritance Tax Relief?

A. One year and at the time of death
B. Two years and at the time of death
C. Three years and at the time of death
D. Four years and at the time of death

Reveal answer

B. Two years and at the time of death

Question two

What is a key advantage of Business Relief compared to Trusts or Gifting?

A. Immediate tax exemption
B. Guaranteed investment returns
C. Greater access to your money and faster tax benefits
D. Immediate access for beneficiaries

Reveal answer

C. Greater access to your money and faster tax benefits

Question three

Which rule allows for combining ownership periods of different Business Relief qualifying assets?

A. Replacement Relief
B. Spousal Exemption
C. Chargeable Life Time Transfers (CLTs)
D. Potentially Exempt Transfers (PETs)

Reveal answer

A. Replacement Relief

Question four

Which type of company listed below does not typically qualify for Business Relief?

A. AIM listed companies
B. Unlisted trading companies
C. Property letting companies
D. Family-run trading companies

Reveal answer

C. Property letting companies

Claim your CPD Certificate

Complete the form below to secure your Continuing Professional Development (CPD) certificate.

Home All resources CPD courses Products Guides Hear from the experts Webinars Planning scenarios Videos

CPD course

CPD course: Business Relief fundamentals

Take our CPD accredited Business Relief (BR) course to broaden your understanding of BR as an inheritance tax solution and how it could benefit your clients.

2 hour 30 mins

About the course

Learning objectives

Gain an overview of Business Relief and why it was introduced
Understand benefits and drawbacks of using Business Relief as an estate planning solution
Understand how Business Relief can interact with other estate planning solutions available
Gain an understanding of how Business Relief can be used in practice through different case studies and client scenarios
Understand other key terminology, rules and tax reliefs associated with Business Relief

Contents