STEP - Advanced Certificate

Set 2

STEP Advanced Certificate in the Taxation of Trust and Estates (Scotland)

STEP Advanced Certificate in the Taxation of Trust and Estates (Scotland)
Credits Awarding Body STEP
Set 2 - Tax and compliance

This course provides practitioners with technical knowledge and practice skills in trust and estate taxation as it applies to and in Scotland. This Advanced Certificate can be taken as part of the STEP Diploma.

 

The course covers income tax, capital gains tax and inheritance tax as they apply to transactions that a trust and estate practitioner is likely to encounter in practice.

You will be able to: 

  • Advise on the taxation of each trust type. 
  • Explain, advise, and comment on the use of the trust in modern tax planning. 
  • Advise on the tax implications and legal considerations of making lifetime gifts and gifts made in contemplation of death. 
  • Describe the roles, responsibilities, limitations, and liabilities of the executor. 
  • Advise on taxation issues relating to the transference of private client wealth, specifically inheritance tax and capital gains tax, and how the burden of taxation can be minimised. 

Students of this course typically include:

  • Legal and trust professionals
  • Support staff and paralegals
  • Accountants and banking professionals
  • Charity specialists
  • Tax advisors
  • Independent financial advisors
  • Executorship administrators
  • Successful completion of the course will award students with 30 Diploma-Level credits towards STEP membership. 
  • Ideal for practitioners looking for professional accreditation, moving into or already working within the trusts and estates profession. 
  • A recognised ‘gold-standard’ professional qualification for those working in the industry, globally recognised by employers, regulators, clients, and professionals. 
  • Ability to grow your own professional network, meeting students from a range of professions providing an opportunity for networking, building relationships, and sharing study tips/support as a cohort. 
  • Students can submit academic queries to a dedicated programme content team. 
  • Blended delivery, including structured workshops designed and taught by experienced practitioners and tutors and access to an online learning platform. 

60 Entry-Level Credits 

Note: Applicants must have obtained 60 STEP Entry-Level credits to enrol onto this course or be a member of STEP. Visit STEP's Qualifications and Membership to understand how to apply. 

This course is available for study twice a year, with intakes beginning in January (with assessments taking place in May) and July (with assessments taking place in November). The programme is delivered through a combination of online learning and two workshops and will take four months to complete. We recommend that you spend four to six hours per week on private study for the four months prior to the examination.

Enrolment onto this course will include the following:

  • a bespoke soft copy course manual
  • access to an online learning platform that contains:
    • tailor-made webinars
    • self-assessment material
    • distance learning support
  • attendance at two days of tuition
  • examination fees.

The course is assessed by way of a six-hour open-book written examination which comprises six 20-mark questions, from which candidates must answer five. The questions will be drawn from across the syllabus and candidates must achieve 50% in order to pass the Advanced Certificate. A fundamental knowledge of Excel is required for the course.

Once you have successfully completed this course, you will gain 30 Diploma-Level credits towards STEP membership and be awarded the STEP Advanced Certificate in Taxation of Trusts and Estates (Scotland).

Course Timetable - November 2022

Course Timetable - January 2023

Course Timetable - July 2023 

Please note all courses are delivered fully online.

Thank you for your interest in CLTI or STEP products. Due to government regulations, we are unable to accept online payments from, or, on behalf of students from certain countries and territories without prior agreement. Please contact us for further details on cltinternational@centlaw.com, +44 (0) 121 362 7733.

 

Funding for 50% of the course fee of the STEP Diploma in Trusts and Estates (Scotland) for up to 10 employees may be available to employers under the flexible training opportunities fund.

 

Please be aware that workshops have a limited capacity to guarantee optimum teaching conditions. Therefore, where several dates are listed per workshop, we are unable to guarantee your selection of dates will be allocated to you.

Please check your final booking confirmation for your final workshop dates. If you have any queries, please email cltinternational@centlaw.com

 

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Duration

4 Months

Set

Set
2

Entry Criteria

60 Entry-Level Credits

Note: Applicants must have obtained 60 STEP Entry-Level credits to enrol onto this course or be a member of STEP. Visit STEP's Qualifications and Membership Framework to understand how to apply.

Assessment

Examination