Personal Tax Planning For High Net Worth Clients - An Advanced Guide

Introduction

This area is not just a potentially lucrative market for tax advisers but also a demanding one which presents a variety of challenges, particularly in the field of planning following the many changes to the tax treatment of high net worth clients over the last two years.

This virtual classroom seminar examines the latest tax planning opportunities available in fields as diverse as the major shake-up of agricultural and business reliefs announced on 30 October 2024, bringing unspent pension funds within the ambit of IHT, revising the tax regime for non-UK domiciliaries, changing IHT to a residence-based tax and examining the planning opportunities with holdover relief. It will ensure that delegates are properly equipped to give the best possible advice to such clients and their families on a continuing basis.

What You Will Learn

This live and interactive session will cover the following:

• Business and agricultural reliefs - the main changes for individuals
• The position facing relevant property trusts
• Transferable 100% relief allowances
• Anti-forestalling
• Standardisation of exit charges
• The problems of funding IHT under the FA 2026 provisions
• Unused pension funds and death benefits
• Tax planning following the IHT changes to pension death benefits
• The residence changeover for IHT
• Related settlements
• Purchase of own shares: the multiple completion problem
• An important development in holdover relief legislation
• Income gifts to fund trusts
• EIS and VCT reliefs

Recording of live sessions: Soon after the Learn Live session has taken place you will be able to go back and access the recording - should you wish to revisit the material discussed.