Course description
This virtual classroom seminar seeks to update practitioners on developments in personal tax, covering the last three years, and examines a variety of planning points which will be of interest to both business and private clients in 2024.
Presenter Robert Jamieson will look at the simplified income tax regime for trusts, important recent modifications to pensions, changes to the geographical scope of certain IHT reliefs, and more.
The session is suitable for all staff who help private clients with their tax planning.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
This new virtual classroom seminar seeks to update practitioners on developments in personal tax, covering the last three years, and examines a variety of planning points which will be of interest to both business and private clients in 2024.
Disputes on the correct tax treatment of dividends are rare events and so it was intriguing to find two hearings (in both of which the taxpayers were successful) appearing in quick succession in late 2022.
Measures in F(No2)A 2023 include a simplified income tax regime for trusts, modifications to the tax rules for pension contributions and a new code for CGT on marriage breakdown.
Elsewhere - and prior to their abolition - the OTS made several interesting recommendations relating to the interaction between CGT and IHT and there has been a fascinating trio of SDLT cases where HMRC’s arguments are diametrically opposite of what they would have been in a CGT context!
Finally, the Chancellor has confirmed that, with effect from 6 April 2024, the IHT agricultural and woodlands reliefs will be restricted to land situated in the UK.
The session is suitable for all staff who help private clients with their tax planning.
What You Will Learn
This live and interactive course will cover the following:
- Taxation of dividends
- Salaries, bonuses, and dividends from family companies in 2024/25
- Income tax simplification for trusts
- Pensions - important recent modifications
- Case study on the annual allowance for pension contributions
- CGT on separation and divorce
- An inverse argument
- The interaction of CGT and IHT
- Changes to the geographical scope of certain IHT reliefs
Expenses
MBL Seminars Limited
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