Personal Taxation CPD – Overview
Personal Taxation Law governs how the personal tax system is implemented in the UK which in turn influences the economic decisions of individuals. If you are a solicitor working in the area of Personal Taxation Law, then you need to be knowledgeable enough to interpret tax statutes, case law and revenue practice to effectively advise your clients.
CPD training in this area is best if you want to provide basic advice and personal tax planning services. It is also helpful for lawyers that are highly experienced personal taxation practitioners and need to keep up to date with the latest legislative changes and their potential effects.
CPD Training in Personal Taxation Law – Course Information
Asset Protection Through the Use of Pre-Nuptial Agreements – Webinar – CPD hours 1.5
This webinar is aimed at shedding light on how pre-nuptial agreements can help in lifetime tax planning. The outcome of the Law Commission Report on Martial Agreements is examined as way of safeguarding assets for future generations and minimising the blow of inheritance tax upon death. The webinar is conducted by experts in this area and includes a team of lawyers and accountants.
Negligence in Will Preparation and Estate Administration – Seminar – CPD hours 6
This Personal Taxation Law CPD seminar helps, amongst other things, to highlight how poor will preparation can lead to claims from disappointed beneficiaries and fail to mitigate tax as well as other unforeseen issues.
The maladministration of estates can cause a series of problems, which can be avoided. This seminar is aimed at providing you as the personal tax practitioner (as well as other types of finance professionals) with an understanding of the controls that can be used to prevent these issues from arising.
This seminar covers duty of care and elements of current law relating to negligence with regards to the preparation of Wills and estate management. It looks at areas of risk and possible controls, judicial decisions, rectification and capacity issues as well as foreign property.
Estate administration is examined with particular attention paid to the powers and duties of PRs such as statutory and express powers, and exoneration provisions.
The areas of tax including:
• conflicts, and
Understanding the Taxation of Trusts – Seminar – CPD hours 3
This seminar was designed for Private Client practitioners who want to expand their knowledge areas into Income Tax, Capital Gains Tax and Inheritance Tax. It covers how tax is calculated on trust income and what this tax means to trustees and beneficiaries. It discusses when Capital Gains Tax charge is applicable since trusts are now taxed at 28 per cent and explores the possibilities of avoidance.
The respective liabilities of trustees and beneficiaries are also covered with a comparison between Life Interest and Discretionary Trusts. It also looks at the treatment of dividend income and the specific issues that can arise from settler interested trusts.
Other topics examined include:
• the availability of holdover
• entrepreneurs and principle private residence relief, and
• the ways in which liability can be minimised or avoided completely
The provisions of Finance Act 2006 led to drastic changes to how the IHT laws treat trusts. This section of the seminar looks closely at the rules to demonstrate the trusts that are subject to the Discretionary Trust (relevant property) regime, whether created in lifetime or by will, and then continues to show how IHT is worked out.
• entry charges
• exit charges
• periodic charges
• the use of pilot and multiple trusts, and
• planning issues
CPD Training Choices
The most effective way to find a wide range of Personal Taxation CPD courses that will suit your career path, as well as satisfying your compulsory yearly CPD hours is to use this site to compare CPD course providers in personal taxation. Comparing CPD training providers is easy and free with lots of additional information on a wide range of CPD courses and their content.