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Gain an in-depth understanding of how individuals are taxed on lifetime gifts, assets passed on death, and the valuation rules for transferred assets. Understand the mechanisms of potentially exempt transfers, chargeable lifetime transfers, and the specific rules around the death estate, including the treatment of assets and liabilities, exemptions, and reliefs such as the Nil Rate Band and Residence Nil Rate Band. Through real-life examples, examine complex concepts like taper relief and the transfer of unused nil rate bands between spouses.