Principles of Tax

Course Summary

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.


- Income tax
- National insurance
- Capital gains
- Inheritance tax
- Other taxes.

Domicile and Residence:
- Residence
- Becoming non-resident
- Domicile
- Non-UK domiciled
- Implications
- 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
- Administration.

Course Benefits

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.

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.

Tutor Profile

Will Morgan is an award-winning tutor, a qualified accountant and consultant working with clients in Guernsey, Jersey, Dublin and the UK. Will founded Offshore in 2007 along with partner John Richardson to provide accounting, training and consulting solutions to numerous regulated and commercial clients in a wide variety of industries.

Will is an experienced trainer with exceptional practical knowledge of accounting standards. 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.

Course at a Glance

  • Next Start Dates: New dates TBA
  • CPD Points: 7
  • Course Cost: £295.00
  • Course Length: 1 day (09:00-17:00)

There are no dates currently available for this course, If you would like to register your interest please complete the form below:

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