Course description
Overview
This is not intended to be a course on different tax jurisdictions, but it is designed to articulate and discuss the main tax issues that will be common across many territories. It focuses on the UK provisions, but seeks to put these into context in the international arena.
Who is this for?
Accountants, lawyers and financial advisers will come into contact with wealthy private clients who will require advice on a wide range of tax issues and over a wide range of tax jurisdictions.
This course is designed to help advisers discuss these issues with their clients. It is principally aimed at clients with assets of more than £5m and/or incomes in excess of £100,000 per annum.
What will you learn?
- Exposure to tax in a jurisdiction – the concept of a Permanent Establishment and tax residence and domicile and exposure to tax liabilities
- Using offshore structures, such as trusts and companies in tax havens - is this OK?
- Tax Treaties and what to look out for
- Bringing money into the UK to invest in property and businesses
- Income and capital reliefs in the UK, including Business Property Relief and Agricultural Property Relief (APR) for IHT and investors Relief (IR) and Entrepreneurs’ Relief (ER) for CGT
- Using pension contributions
- Capital tax planning and efficient will planning
- The scope of ATED
- Disclosure facilities
- HMRC’s approach to High Net Worth (HNW) taxpayers
- HMRC sharing information with other tax jurisdictions
PSC Elective
This course may be taken as a PSC elective, although it may also be attended by non-trainees.
SRA Competence
B
Other related courses
An Introduction to Inheritance Tax & Capital Gains Tax For The Private Client Lawyer
Court of Protection Practice
Elderly Client Practice
Key Aspects of Wills and Estate Planning
Probate - Workshop
The Private Client Passport
Trusts - an essential guide
Will Writing Workshop
Wills - Introduction
Writing & Presenting Legal Advice To Your Clients
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Upcoming start dates
Suitability - Who should attend?
Accountants, lawyers and financial advisers will come into contact with wealthy private clients who will require advice on a wide range of tax issues and over a wide range of tax jurisdictions.This course is designed to help advisers discuss these issues with their clients. It is principally aimed at clients with assets of more than £5m and/or incomes in excess of £10000 per annum.
Training Course Content
Learning outcomes include obtaining a greater understanding of:Exposure to tax in a jurisdiction – the concept of a Permanent Establishment and tax residence and domicile and exposure to tax liabilitiesUsing offshore structures, such as trusts and companies in tax havens - is this OK?Tax Treaties and what to look out forBringing money into the UK to invest in property and businessesIncome and capital reliefs in the UK, including Business Property Relief and Agricultural Property Relief (APR) for IHT and investors Relief (IR) and Entrepreneurs’ Relief (ER) for CGTUsing pension contributionsCapital tax planning and efficient will planningThe scope of ATEDDisclosure facilitiesHMRC’s approach to High Net Worth (HNW) taxpayersHMRC sharing information with other tax jurisdictions