20 November 2019
Tax Update for Foreign Doms and Non-Resident Clients
In the wake of the massive tax law changes over the last few years, it is time to take stock.
Led by Patrick Soares
Why you should attend
With the passing of the Finance Act 2019 the law on non-resident companies and settlements and individuals is beginning to settle down. The taxation of non-doms has been recast since 2017 and the new codes applicable to overseas investors and dealers in UK land is “codified” in FA 2016 and FA 2019.
What is surprising is the great number of point practitioners must take into account in even simple situations where non-resident bodies are involved and the merciless penalties which await practitioners who overlook any one of the points.
There is a look-through of foreign companies which hold UK land for some taxes but not others. Many settlements do not realize they are liable for the 10 year anniversary charges. The ATED applies to some bodies but not others. Taxpayers are falling within the POAT without realising it. Treaties override s3 CGT charges and loans are ignored
Some taxes attach to share sales in foreign companies, others do not. HMRC are attacking structures which in the past they have left alone. With the worldwide disclosure now taking place taxpayers who did not disclose under the RTC provisions are now getting letters from HMRC - how should they reply.
There are traps but there are optimum positions which can be taken: the aim of this conference is twofold – to ensure practitioners avoid the traps and penalties and adopt the optimum positions in the circumstances
This is a highly practical conference from those involved in the legislation, who write about it in the leading text books and practice it on a day to day basis. There will be many case studies which delegates will identify with.
This is not a conference to be missed by any practitioners in the area.
What Will be covered
Led by Patrick Soares
Mr Soares advises on all areas of taxation, with particular emphasis on the taxation and structuring of property transactions, value added tax, trusts and offshore tax. He acts for many high profile clients and large commercial enterprises. He lectures on a great variety of topics and chairs annual London conferences on Optimum Tax Structures for Land Transactions, Corporate and Personal Taxation and Taxation of the Family Business and Overseas Trusts and Companies.
Highly Technical Case Studies
Patrick Soares events are known for being highly practical offering guidance on how to deal with the most complex of problems.
Mr Soares and his core team of Emma Chamberlain and GIles Clarke and special guests focus on case studies to illistrate the main issues affecting clients at the moment.
Key Session Highlights
- The full extent of the corporation tax regime and non-resident companies
- Deemed doms who have not set up golden trusts
- Image rights held offshore
- Vital trust law for tax advisers and offshore structures
and much more
Special Feature for all Registered Delegates
On the day all registered delegates will receive a 100 page tax memorandum by Patrick Soares on the proposed change
Engage in discussion with the speaking panel who are at the forefront of all these major changes.
This conference gives you the up to date position on what should be done. Miss this one at your peril!
Previous Delegates Include
Cornerstone Tax Limited
Smith & Williamson
Fortress Management Services Ltd
Salamanca Group Trust & Fiduciary