2. Estate Tax, IHT Forms and Grants
Calculate and report IHT, CGT and income-tax issues, classify the estate, complete required forms and obtain the correct grant.
How to study the CPQ Professional stage
Build the independent research and business-report skills required for P1, then prepare the work-relevant tasks in the one P2–P10 pathway on your record.
Core concepts
Concept 1
Estate tax analysis requires ownership, valuation, exemptions, reliefs, lifetime transfers and current thresholds.
Exam cue: Build a date-of-death asset, liability and lifetime-transfer schedule.
Concept 2
Excepted and taxable estates follow different reporting and payment requirements.
Exam cue: Use current tax-year and jurisdictional rules.
Concept 3
Will status, executors and entitlement determine the grant application route.
Exam cue: Identify the applicant's chain of entitlement before drafting.
Risk pitfalls and guardrails
Using outdated allowances or forms.
Guardrail: Do not study all nine pathways as mandatory, treat P1 as a timed exam, confuse passage with authorisation or rely on outdated law, tax, procedure or regulator guidance.
Treating jointly held assets as automatically outside IHT.
Guardrail: Do not study all nine pathways as mandatory, treat P1 as a timed exam, confuse passage with authorisation or rely on outdated law, tax, procedure or regulator guidance.
Applying for the wrong type of grant.
Guardrail: Do not study all nine pathways as mandatory, treat P1 as a timed exam, confuse passage with authorisation or rely on outdated law, tax, procedure or regulator guidance.
Memory anchors
Estate tax
Asset, ownership, value, debt, exemption, relief and rate.
Grant route
Will, executor, renunciation, entitlement and application.
Tax timeline
Value, report, pay, grant, administer and account.
Checkpoint rule
Do the check-up only after you can summarize each concept in one sentence and identify one dangerous pitfall from memory.
Knowledge Check (after reading)
Short check-up to confirm understanding of this module.
Check-up Questions
An estate includes jointly owned property. Why can it still affect IHT?
A deceased made a substantial gift four years before death. What must be reviewed?
Answer all questions to submit.
Next step personalized recommendations
Continue learning
Move forward only after this module is stable.
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