Podcast Location:
Download it here [file size: 36.4 MB]
Tax Law
Tax & Planning
CPD Points:
Up to 1 point. details »

Due to the difference in guidelines between the SRA and the Bar Standards Board, CPD points are awarded differently for Solicitors, Barristers and Legal Executives:

Regulated by the Solicitors Regulation Authority:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

Regulated by the Bar Standards Board:
Listen and pass the quiz: Gain 1 accredited CPD point (60 minutes)

Regulated by ILEX:
Listen and pass the quiz: Gain 1 CPD point (60 minutes)
Listen only, gain ½ a CPD point (30 minutes)

  • FREE
30 minutes of audio
(+ optional 5 minute online quiz)
Plays on Computer:
Yes Downloadable as MP3:    Yes
Course Aims:

This podcast is aimed at private client and traditional chancery practitioners. It aims to explore in detail some of the likely changes (and their merits) to be made to the taxation of estates and ‘non-doms’ by the forthcoming Finance Act 2012.

After completing the course you will:
  • Understand what proposed changes are likely to be made to the taxation regime applying to non-UK domiciliaries;
  • Understand the proposed new Inheritance Tax relief to be introduced to encourage charitable giving on death;
  • Be aware of the financial difference such a relief might make to an estate if structured correctly;
  • Be alive to some of the possible pitfalls for practitioners and beneficiaries in seeking to take advantage of this new relief;
  • Understand some of the criticisms levelled at the proposed relief and whether such criticism is justified;
  • Be aware of the changes to the indexation of the Inheritance Tax Nil Rate Band and what impact that is likely to have.
Complex Difficulty: 4 of 5
Legislative Updates
Practical Guide
Sources and References:
  • R (on the application of Davies & Anor) v Revenue and Customs [2011] UKSC 47.

This podcast with chancery silk Mark Herbert QC of 5 Stone Buildings examines some of the key developments in 2012 affecting private client practitioners who advise on tax. It discusses changes to the remittance basis charge for non-UK domiciliaries and new reliefs for Inheritance Tax. Will the proposed increase in the RBC drive wealthy foreigners from UK shores or will the proposed exemptions for investment prove enticing? What impact will a new relief for charitable giving have for will drafting and is it really worth it for testators – these are all topics explored in this podcast.

Podcast added: 21/03/12

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