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 - a significant IHT reform
• The position facing relevant property trusts
• Lifetime transfers and anti-forestalling
• Further amendments to the IHT code
• Standardisation of exit charges
• Some foibles with the revised relief regime for trusts
• What are the options for mitigating IHT on the business relief reform?
• Unused pension funds and death benefits
• The residence changeover for IHT
• Related settlements
• IHT taper relief on failed PETs of relevant business property
• Purchase of own shares: the multiple completion problem
• Goodwill and S165 TCGA 1992 relief
• Income gifts to fund trusts

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.