Katya Vagner

Solicitor, Fladgate

Katya Vagner (Ekaterina Vagner) is an associate in the Private Client department at Fladgate.

She specialises in advising on a wide range of UK and offshore private client legal and tax matters.

Katya advises individuals and business owners, their families, family offices, trustees, personal representatives and charities across the globe on issues such as estate and succession planning (including Wills and inheritance tax advice), setting up and advising on onshore and offshore structures (such as trusts and foundations), incapacity planning (including Lasting Powers of Attorney and Court of Protection matters), administration of trusts and estates and issues involving charities (such as advising on charitable giving and advising charities on a range of legal and tax issues).

Katya has a keen interest in ESG initiatives and has a growing charities and philanthropy practice, advising on structuring of UK and cross-border charitable giving and administering charities.

Recognised as one of the 2019 eprivateclient Top 35 Under 35 advisers, Katya is a native Russian speaker and is a full member of the Society of Trust and Estate Practitioners (STEP), the Law Society Private Client Section and the Charity Law Association. Katya has written for industry publications including the Tax Journal, CityWealth Magazine and the Journal of International Tax, Trust and Corporate Planning.

Contributed to

3

IHT and close companies

Practice notes

This Practice Note, written by Katya Vagner of Fladgate, explains the three main instances when inheritance tax (IHT) applies to transfers of value to and from close companies, including gifts to or from a close company and the alteration of a company's share capital. It also covers exceptions to the general rules and special rules applicable to trustees.

Private Client

IHT—quick succession relief

Practice notes

This Practice Note explains the inheritance tax (IHT) relief available to estates where a beneficiary who has inherited or received a lifetime chargeable gift of assets themselves dies within five years of the first IHT charge, ie where there are two deaths within a five year period such that the same assets would otherwise be fully chargeable to IHT twice. It covers the application of quick succession relief (QSR) against successive charges to IHT under section 141 of the Inheritance Tax Act 1984, the interaction with other IHT reliefs and includes some planning points while noting that of course it is not generally possible to plan for the application of this relief.

Private Client

IHT—reduced (36%) rate for estates leaving 10% or more to charity

Practice notes

This Practice Note explains the circumstances in which a reduced rate of inheritance tax (IHT) is available for estates where 10% or more of the estate is left to a charity or registered club, such that the remainder of the estate or relevant component is liable to IHT at the rate of 36% rather than 40%. It covers the calculations required to ascertain the value of the net estate for the purposes of qualifying for the reduced rate and includes an outline draft calculation. It also deals with the election to merge components and wider issues such as the interaction between the reduced rate and IHT reliefs including quick succession relief, agricultural property relief and business property relief.

Private Client