Conference Programme
Showcasing the UK’s top independent experts
October 27,28 London, October 29,30 Manchester
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9:20am Chairman’s Opening Comments
9:30am Key Note Speech: The spectre of rising taxes – preparing for the inevitable
Over the next two years we are likely to see rising taxes from VAT to income tax and across a wide spectrum of client affairs. Chas Roy-Chowdury, Head of Taxation at the Association of Chartered Certified Accountants (ACCA), will look at where taxes are likely to rise, and asks whether we should encourage early action in some areas to pre-empt the harsher regime ahead.
Chas Roy-Chowdhury - Head of Taxation, ACCA
10:10am Home comforts- crucial case law for residence
Mike Truman is the Editor of Taxation Magazine, and an expert in tax planning. Here he looks at the new landscape for residence following recent case law and statutory changes, and explains how you can be sure that clients have become non-resident for tax purposes.
- Case law – Shepherd, Gaines-Cooper, Grace
- Statute – do you really count midnights?
- Practice – HMRC 6, the new IR20
- The ‘definite break’ solution – Dave Clark
Mike Truman – Editor, Taxation Magazine
10:50am Strategies for IHT - new perspectives
Traditional IHT solutions very often fail to address the real issues facing your clients; accessibility, simplicity, flexibility and speed. Guy Myles, founder and managing director of Octopus Investments, offers delegates innovative and compelling alternatives to typical IHT solutions.
- How can clients receive partial 100% IHT relief from day one?
- How can clients keep control of their assets and still get IHT exemption?
- Avoiding the 20% entry tax on trusts?
- Obtaining full IHT relief after only two years instead of seven?
Guy Myles - Managing Director, Octopus Investments
11:35am Coffee
11:50am CGT: Changes, Impacts, Strategies
The session will provide an overview of the impact of the changes introduced on 6 April 2008 to the rate of CGT, the introduction of entrepreneur's relief and the changes for non-UK domiciled individuals. These significant tax changes came as the rate of decline in the economy started accelerating and has meant a number of opportunities for the well informed, as well as traps for those unaware.
- Summary of the new rules for Capital Gains Tax (since 6 April 2008)
- Entrepreneur's relief (Winners and Losers)
- The impact of the new rules on the sale of shares (Pooling)
- Tax planning for pre 6 April 2008 gains
- Currency gains - the problem with the falling value of Sterling
- Non-domiciled individuals and capital gains
- Summary of tax planning ideas
Gary Heynes – Tax Partner, Baker Tilly Tax and Advisory Services
12:30pm Estate planning - saving tax while retaining flexibility and control
Innovative IHT planning is the subject of this session, demonstrating how to break down traditional objections to IHT planning by using flexible solutions and a variety of investment strategies.
- Why IHT planning is an important opportunity in a volatile environment
- Flexible nil rate band planning – maximising the unused IHT allowance
- Ultimate discounted planning – a bare trust solution, providing greater flexibility and tax savings compared to traditional discounted solutions.
- IHT planning for cash – keep low risk clients in cash, save them IHT and increase their return.
Antony Kelsey - Associate Director, Isle of Man Assurance
1:10pm Lunch
2:10pm Off-shore planning – still alive and kicking?
Tax planning off-shore is a decision about risk management and protecting your clients’ businesses and assets. In this in-depth and highly technical session, Fortress Management’s Andy Lee will explain how current legislation leads to practical solutions, particularly for wealthier clients.
- Residence and domicile issues –including CGT implications, recent case law
- Qualifying Recognised Overseas Pension Schemes (QROPS)
- Exit strategies and succession planning
- Trusts planning for businesses
- Freezer schemes for property investors and business owners
- Indefinite tax deferral utilising off-shore insurance bonds
Andy Lee - Director, Fortress Management
3:10pm Panel session
Leading advisers discuss where they are adding most value in managing their clients’ tax affairs, and we open the floor for delegate questions and feedback.
Panelists:
- Colin Davison – Partner, Cranleys
- Francis Klonowski – Director, Klonowski & Co
- Kim Crossley – Proprietor, Hanover House Solutions
- Karl Lavery – Director, Baxter Fensham
3:45pm Coffee
4:00pm Using the owner-managed company as a tax-efficient funding resource
Tony Granger explains how business owners can exploit Revenue rules to extract value from company assets. His presentation will focus on:
- Using the business to efficiently fund for school and university fees
- Company Education Loan Trust
- Learn how to retain and motivate employees through little known benefit strategies
- Paying an employee’s mortgage
- Direct payments or salary sacrifice?
- The latest on Partners/LLP members and deductible loan interest
Tony Granger – CFP, Mentor Professional
4:40pm Will and Trust planning for 2009/10
An unprecedented number of changes to the Will and Trust landscape have been seen in recent times. In this session we will look at how Wills can be used to optimise the tax position for clients, as well as the traps that should be avoided. We will also examine the continued planning opportunities that exist regarding trusts, together with some alternative lifetime planning structures.
- Wills - what you must get right and what can easily go wrong
- Lasting powers of attorney and death benefits
- Trusts – do the benefits outweigh the costs?
- Alternative lifetime planning vehicles - partnership and corporate structures
Stuart Skeffington - Partner, Stevens & Bolton
5:20pm Chairman’s closing remarks
5:30pm Conference close & networking drinks
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