COURSE OBJECTIVES: This course aims to provide a thorough grounding in the principles of residence and domicile for UK tax purposes and also considers some planning opportunities available for those leaving the UK and those coming here. The course covers UK tax law and practice on residence, ordinary residence and domicile and discusses particular planning areas such as capital gains tax. It also briefly reviews the remaining tax issues involving offshore trusts.
COURSE CONTENT
Residence and Ordinary Residence
- Review of current rules
- HMRC practices and procedures
- Recent case law developments
- Rules for arrivals and departures
- Available concessions
Domicile
- Concepts of domicile of origin, choice and dependency
- Changing domicile
- Remittance basis planning
- IT and IHT differences
Income Tax Rules
- Employment income
- Self-employment income
- Investment income
- Leaving and arriving in the UK
Capital Gains Tax
- Emigration rules
- Ordinary residence rules
- Selling UK and non-UK assets
- Offshore trusts
Inheritance Tax
- Planning issues for non-resident and non-domiciled individuals
- Status of assets and excluded property
- Use of trusts and timing issues
WHO SHOULD ATTEND
All those involved in the planning opportunities available for those leaving the UK and those coming here.
"Very good course - made interesting."
Would you like this course run in-house? Call us on 0207 566 8207 to find out more
Not quite what you were looking for? Then please see the following closely related course;