Principles of Tax
This course aims to provide delegates working in trust and banking with a greater understanding of tax regulation.
The workshop will:
- Focus on practical tax awareness for those in the fiduciary industry to mitigate risk
- Understand the fundamentals of domicile, residence, gains, income and transfer pricing
- Use a number of potential tax-related scenarios to demonstrate when further guidance will be required.
Experience has taught course trainer, Will Morgan, that Trust Officers often do not understand the taxation drivers behind their client structures and transactions. Therefore, this course will focus on providing delegates with a greater understanding of the tax environment within which their clients operate.
- Income tax
- National insurance
- Capital gains
- Inheritance tax
- Other taxes.
Domicile and Residence:
- Becoming non-resident
- Non-UK domiciled
- Recent changes.
- Basics of trusts
- Tax liability
- Finance Act 2008
- 10 year charge.
- Corporation tax
- UK companies
- Zero-10 (Guernsey / Jersey / IOM)
- Offshore non-resident companies
- Permanent establishments
- Capital gains
In attending this course, delegates will gain an understanding of:
- Tax domicile
- Capital gains tax, income tax , inheritance tax
- What is 10 year charge
- What are ATED, NRL, SDLT
- Transfer pricing
- Basic offshore tax planning
- Round up – utilising knowledge to identify risk.
Will Morgan is an award winning tutor who has been running courses in Guernsey, Jersey, Dublin and the UK for the past 10 years. Will previously worked for BPP Professional Education and has been training independently for the past 8 years.
Will is now the Managing Director of Offshore, a specialist accounting outsource provider, based in Guernsey employing 15 professionals working for a variety of clients in the trust, fund, commercial and public sector.
Will’s training has been adapted over the years based on the work he has undertaken in the Channel Islands, understanding the practical skills that professionals need, rather than theoretical concepts.
His classes are highly interactive; sometimes amusing and always engaging.