Planning with Trusts

Course review:

This course is designed to follow on from the Taxation of Trusts course and will consider more advanced aspects of trust tax planning. It will do so through a number of case studies designed to address the issues involved.

Programme

TRUST TAXATION - Recapitulation and development including Finance Act 2006 changes

FAMILY SUCCESSION

• Inheritance tax planning in the new planning environment
• Interaction of capital gains tax and inheritance tax
• Avoiding reservation of benefits
• Choice of trusts for planning purposes
• Will trusts and the transferrable nil rate band

PLANNING USING OFFSHORE TRUSTS

• Interaction of income tax and capital gains tax
• Using existing trusts
• Planning for non domiciliaries under the new regime
  • Income tax and capital gains tax
  • Excluded property settlements
  • Purchase of residential property

USING TRUSTS TO HOLD BUSINESSES

• Succession issues
• The interaction of inheritance tax and capital gains tax
• Valuation questions
• The risks of retaining control
• Avoiding gifts with reservation

This course is designed to follow on from the Taxation of UK Trusts course and will consider more advanced aspects of trust tax planning. It will do so through a number of case studies designed to address the issues involved.

COURSE CONTENT

Specifically the course will cover

• Inheritance tax planning in the new trust tax environment
• Interaction of capital gains tax and inheritance tax
• Overseas trust issues including planning for non domiciliaries under the new regime
• Use of trusts in the business context including succession issues
• The alternatives to trusts in tax planning
• Pulling all the threads together - discussion and questions