Practical Trusts: How to Use and Tax Plan Them (Video)

with Bob Trunchion


9:00 am - 9:00 am
Monday 24th June 2019

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Course Overview

This course considers the important tax and general family planning opportunities available through the use of trusts. It will assume delegates have some knowledge of trusts and how they work (but not a lot!). It will contain various case studies to illustrate how useful trusts can be for the OMB and the farming sector and that as professional advisors, we should not be frightened of suggesting to clients that they should use them. We should feel comfortable about spotting when they can be useful and how we can be involved.

In advance of the OTS report on IHT, content may need to change but we currently have a very benign capital tax regime. Unfortunately, wealth and succession planning operates in a real world of divorces, bankruptcies, illness and death! Trusts combine accessing capital tax planning techniques (and adding more) as well as being hugely useful as asset protection vehicles. The course is likely to cover: –

  • Brief review of the tax implications of trusts
    • Income tax
    • Capital gains tax
    • Inheritancetax
  • Brief review of the more relevant areas of trust law
  • Planning points illustrated with practical examples using case studies on how trusts can be used in the OMB, the farm, the HNWI and elsewhere
    • Grandparents and other “family planning” trusts
    • Will and lifetime planning using
      • Flexible life interest trusts
      • Discretionary trusts
    • Thinking “outside the box” to achieve results

The course will be based around a number of examples to help give delegates a better idea of how trusts can be used to their maximum advantage.

About Bob Trunchion

Bob is a tax partner with MHA MacIntyre Hudson and is the Head of Tax Training at MacIntyre Hudson Advisory Services LLP. He has a wide range of tax knowledge and lectures on a range of subjects including the tax implications of buying and selling companies, capital tax planning, pensions, probate and trusts. He also specialises in niche areas such as solicitors, farmers and the medical profession, has written a Tax Procedures Manual and regularly writes on technical tax subjects. He continues to be involved with clients on both a consultancy and portfolio basis.