Podcast Location:
Download it here [file size: 27.4 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 aims to familiarise practitioners with the principles governing the taxation of non-UK trusts by HMRC. It is primarily concerned with income tax and capital gains tax. The podcast will also discuss how the concepts of residence and domicile fit within the legislative framework. Practitioners who need a more comprehensive introduction to the area should look at the introductory titles in the CPDcast library under Tax.

After completing the course you will:
  • Understand the concept of an offshore trust;
  • Understand when and offshore trust will pay income tax;
  • Be aware that the rules about income tax differ depending on the type of offshore trust;
  • Understand when an offshore trust will pay capital gains tax;
  • Understand upon whom the tax liability falls and why;
  • Understand what the key triggers for a charge to tax are.
Specialist Difficulty: 5 of 5
Legal Principles
Sources and References:

In this podcast, James Sheedy outlines how offshore trusts are taxed by HMRC with respect to income and capital gains. It is suitable for practitioners new to this area or for those who would benefit from a refresher.

Podcast added: 12/08/10

Podcast last reviewed: 2011-05-31

Start this CPDcast Activity

© CPDcast.com