Podcast Location:
Download it here [file size: 39.7 MB]
Categories:
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)

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

This CPDcast provides a practical discussion of the tax risks and opportunities which present themselves when purchasing property in the UK. This topic is discussed against a background of recent changes including deductibility of debts, the statutory residence test and business investment relief.

Outcomes:
After completing the course you will:
  • Understand the main changes to the tax regime in 2013 which will affect those purchasing a property in the UK;
  • Understand who will be affected by the inheritance tax rules introduced in 2013 enacted by the Finance Act 2013;
  • Understand how excluded property is treated under the new inheritance tax regime;
  • Be aware of typical pitfalls which may accompany the new inheritance regime;
  • Know of the changes introduced to the statutory residence test;
  • Have considered the new definition of “home” for the purpose of the statutory residence test;
  • Understand how the various statutory residency tests apply to individuals seeking to buy property in the UK ;
  • Be aware of the changes introduced to business investment relief.
Level:
Intermediate Difficulty: 3 of 5
Classification:
Legislative Updates
Market Update / Hot Topic
Sources and References:
  • Finance Act 2013;
  • Income Taxes Act 2007;
  • Inheritance Tax Act 1984.
Tags:

This CPDcast provides a practical discussion of the tax risks and opportunities which present themselves when purchasing property in the UK, with particular regard to recent tax developments.

NEW! TRANSCRIPT INCLUDED IN ADDITIONAL INFORMATION

Date Recorded:23rd January 2014

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