Course description
There have been a considerable number of cases which have come before the tax tribunals on residence and domicile. These important cases look at the law as applied by the statutory residence test. They also look at domicile particularly for IHT purposes.
This in-person seminar updates practitioners on current thinking regarding residence and domicile issues.
Presented by leading trainer Jeremy Mindell, the topics discussed will include the old residence rules and occasions where they are still important, the new rules and an explanation of the statutory residence test, and the relevance of the old domicile rules. All the latest case law will also be explored in this comprehensive one-day update.
Upcoming start dates
Outcome / Qualification etc.
Training Course Content
Introduction
There have been a considerable number of cases which have come before the tax tribunals on residence and domicile. These important cases look at the law as applied by the statutory residence test. They also look at domicile particularly for IHT purposes.
This in-person seminar updates practitioners on current thinking regarding residence and domicile issues.
This course is relevant for all those who advise or deal with internationally mobile clients.
What You Will Learn
This in-person seminar will cover the following:
- Residence - old rules and occasions where they are still important
- Residence - new rules, an explanation of the SRT (statutory residence test)
- Domicile - old rules and their relevance
Residence
- Maintaining non-residence under the day counting regime
- Overseas work day relief
- Remaining CGT exemptions for non-residents
- Treaty residence - how it differs from domestic residence
- Use of personal allowance and lower rate tax bands
- Years of arrival and departure
- Dual residence
- Exemption with progression v tax credits
- The earnings basis, receipts basis, bonuses and share options
- Termination payments, the new rules and the end of foreign service relief
- Recent case law
Domicile
- First seven years
- Next eight years
- De minimis limits
- Pre-arrival planning
- Use of offshore trusts
- Children’s tax position
- IHT and the non UK-domiciled spouse
- Obtaining tax credits for the RBC (remittance based charge)
- Protected trusts
- Recent case law
Expenses
MBL Seminars Limited
MBL is a leading learning and development provider for professional service firms. Over the past 18 years, more than 198,000 people across 23,000 different organisations spanning 81 countries, have chosen us to deliver their training. With over 800 expert speakers...