Description
KEY HAVEN PUBLICATIONS LTD
TAX PLANNING POST OCTOBER 30th BUDGET A DOUBLE-SILK FULL AFTERNOON SEMINAR
November 14th 2004 The Law Society, 113 Chancery Lane, London WC2A 1PL
SPEAKERS
Robert Venables K.C. (Chairman) Philip Simpson K.C.
Ross Birkbeck Ben Symonds Rebecca Sheldon
The speakers are all practising barristers and members of Old Square Tax Chambers,15 Old Square, Lincoln’s Inn W2A 3UE: Website: www.taxchambers.com, Contact: clerks@15oldsquare.co.uk or 020 7242 2744
Why you should attend this Seminar
Few doubt that the new government will need to raise substantial amounts in additional taxation to fund expenditure already incurred and likely to be incurred by it.
Some of the proposed changes in tax law were announced by the Chancellor in Parliament in late July yet many further details are awaited, which are likely to be announced only in or around the time of the Budget Speech.
It is also widely feared that in that Budget Speech even more wide-ranging changes to taxation are likely to be announced.
It is likely that even after the Budget Speech it may be possible to take pre-emptive action to shelter one’s clients against the at least some of the changes, provided such action is taken in time.
A panel of experts, all barristers advising on tax mitigation, will discuss the position post-Budget.
The Content of the Seminar
Because it cannot be known in advance what the Budget will contain, it is not possible to set out in the Timetable exactly what matters will be covered and by whom.
It is very likely that the following will be covered:
Moving inheritance tax from a domicile-based system to a residence-based system – excluded property trusts, existing and new from 6 April 2025 – Transitional rules – Anti-forestalling rules for lifetime gifts made prior to new legislation becoming fully effective?
Phasing out of remittance basis for non-UK domiciled United Kingdom residents
Transitional capital gains tax re-basing elections for certain non-UK domiciled United Kingdom residents
Transitional Temporary Repatriation Facility for remittance of foreign income and gains
New residence-based regime for foreign income and gains Settlor-interested trusts protection for foreign income and gains Overseas Workday Relief changes
It is possible that the following will also need to be covered:
Inheritance tax, including abolition or restriction of reliefs, abolition of potentially exempt transfers, addition of higher rate bands, increase in lifetime rates
Capital gains tax – taxation at income tax rates – abolition of tax-free uplift in base cost on death Value added tax – abolition of zero-rating and exemptions, especially for private health care Income tax – increase in tax on dividends – “modernisation” of Transfer of Assets Abroad
legislation – “modernisation” of Settlements legislation
Income tax and capital gains tax – treatment of carried interest
Income tax and national insurance contributions – a third “IR35″: treatment of self-employed as employed – imposition of contributions on elderly workers
Development Land Tax (abolished 1986) – reintroduction to tax gains from increase in land values consequent on grant of planning permission
PROVISIONAL TIMETABLE
11.00 Arrival and Registration with Refreshments
12.00 Chairman’s Introduction
12.30 – 14.45 Approx
Presentations by the Speakers [For topics, see above]
15.00 Approx Discussion Session with Refreshments
15.15 – 16.30 Further Presentations by the Speakers [For topics, see above]
16.30 Questions to Speakers and Panel Discussion
17.00 Close of Seminar
FEES
£665 per delegate plus VAT (£133.00) = £798 (to include course notes and refreshments) REGISTRATION DETAILS
For application and conditions please contact:
Key Haven Publications Ltd, PO Box 669, Oxford OX3 3AU Tel: 01865 352121; E-mail: aw.khpplc@khpplc.co.uk
CANCELLATIONS:
Those confirmed in writing 30 days prior to the Seminar qualify for a full refund,
subject to a £50 administration fee. Cancellations within 30 days prior to the Seminar do not qualify for a refund, although substitutions will normally be allowed at Key Haven’s discretion, subject to a £50 administration fee.
www.khpplc.co.uk